Inflation Cools to Below 3%, Paving the Way for Potential Fed Rate Cuts
Inflation in the United States showed promising signs of easing in July, with the Consumer Price Index (CPI) falling below 3% for the first time in over three years. The unexpected slowdown in price hikes could lead the Federal Reserve to cut interest rates as early as next month, potentially easing borrowing costs and providing a boost to economic growth.
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