US Inflation Eases to 8.5% as Gas Prices Slump, Fed’s Hawkish Outlook in Question

The US consumer price index slowed to 8.5% year-on-year in July, down from June’s 9.1% reading, due to a sharp drop in energy costs, a sign that the inflation outlook is slowly improving.

from DailyFX – Market News https://bit.ly/3QdfjDm
via IFTTT