US Inflation slowdown

US inflation has been cooling down in recent months.

The latest data showed that the annual inflation rate slowed to 2.9%, marking the lowest level since March 2021. This is a positive trend as it indicates that the Federal Reserve's efforts to curb inflation might be showing results.

Key Points:

• July's CPI: Increased by 0.2% compared to June.
• Annual inflation: Down from 3% in June.
• Core inflation: Also showed signs of moderation.

While the slowdown is encouraging, it's important to note that inflation is still above the Federal Reserve's target of 2%. The central bank will continue to monitor economic indicators closely to determine future interest rate decisions.