this post was submitted on 14 Aug 2024
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Economics

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Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September.

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[–] [email protected] 19 points 2 months ago* (last edited 2 months ago) (4 children)

Which of course does absolutely jack shit for the price increases that have already occurred. Low inflation is not deflation.

[–] 432 2 points 2 months ago (1 children)

I look forward to population decline in some countries. Deflation will happen then.

[–] yggstyle 3 points 2 months ago

It's already occurring. Japan is imploding and it has been a forward indicator for our economy since about the 90s.

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