Economics

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Annual US inflation falls to 3-year low, clearing the way for the Fed to begin cutting rates (apnews.com)

submitted 1 month ago by MicroWave to c/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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[–] yggstyle 0 points 1 month ago

Yep. There's a reason they exclude power, food, fuel etc from those calculations... it looks fine on paper but reality is obviously quite different.

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