U.S. Inflation Gauge Shows Signs of Easing: Slowest Growth Since May

The latest data from the U.S. Commerce Department has revealed a significant cooling in inflation rates, marking the slowest increase since May. This news comes as a relief to both consumers and policymakers, raising optimism about the potential stabilization of the economy as we head into 2024.

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Fed’s Favored Inflation Gauge and Consumer Spending Barely Rise in August

The Federal Reserve's preferred inflation measure showed only modest increases for the month of August, perhaps a sign of relief for U.S. consumers and policymakers working hard to get the rate of inflation under control. When taken together with only moderate increases in spending by consumers, the figures may suggest that the economic pressures are abating more than initially anticipated.

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