Alicia Summers
Inflation cools, but still well above the Federal Reserve’s target rate of 2%
Inflation cools to 4%, that’s the lowest in 2 years, but it’s still well above the pre-pandemic average and the Fed’s target rate of 2%.
Inflation cools to 4%, that’s the lowest in 2 years, but it’s still well above the pre-pandemic average and the Fed’s target rate of 2%.
Eyes are on another hot inflation measure out today, the Producer Price Index.
A key economic figure out today, the Consumer Price Index, shows inflation eased.