this post was submitted on 14 Aug 2024
83 points (96.6% liked)

Economics

453 readers
5 users here now

founded 1 year ago
83
Annual US inflation falls to 3-year low, clearing the way for the Fed to begin cutting rates (apnews.com)
submitted 3 months ago by MicroWave to c/economics
29 comments fedilink hide all child comments
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] yggstyle 1 points 3 months ago

I'd have to look but I think wage growth is falling again and of course there's the skewed employment statistics that don't factor in people working multiple jobs... You are dead on though. Inflation is sustainable if the rest of the growth is moving along with it ... unfortunately ours isn't resulting in the overheating.