July's Inflation Number Could Pave the Way for a Rate Cut (Newser Breaking News)

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August 14, 2024   Happening Now July's Inflation Number Could Pave the Way for a Rate Cut 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. Wednesday's report from the Labor Department showed that consumer prices rose just 0.2% from June to July after dropping slightly the previous month for the first time in four years. Keep reading   Most Read in the Last 24 Hours   Manage your subscriptions  |  Unsubscribe from Newser emails  |  Privacy Policy We'd love to hear from you. Send us a note at feedback@newser.com. Read our stories on MSN. Newser, LLC  |  1395 Brickell Avenue  |  Suite 800  |  Miami, Florida  |  33131 © 2024 Newser, LLC. All rights reserved