U.S. Inflation Remains Steady at 2.9% in August Amid Economic Uncertainty
TL;DR Summary
Core inflation remained steady at 2.9% in August, with the overall inflation rate at 2.7%, supporting the Fed's plan for potential interest rate cuts despite inflation being slightly above the 2% target. Consumer spending and incomes were higher than expected, and tariffs have had limited impact on prices, with markets anticipating a rate cut in October.
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