After the Federal Reserve’s 0.5-percentage-point interest-rate reduction last week, many experts say a soft landing for the economy is in store.
That means falling inflation without a recession. The Consumer Price Index gained 2.5% in the 12 months through August, the smallest increase since February 2021.
The Fed’s favored inflation indicator, the personal consumption expenditures price index, gained the same amount in the 12 months through July. The central bank’s inflation target is 2%.
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