US July Core CPI Rises 0.2%, Easing Pressure on Fed
Share
The US consumer price index rose by 0.2% which was bang in line with forecasts. Prices rose by 2.5% from a year earlier, matching the slowest pace since March 2021. Energy, gas and grocery prices all fell on the month. This likely eases pressure on the Federal Reserve to raise interest rates. Michael McKee reports.
More from Australia
NRFC commits up to $110M for Victorian rare earths project
Wide Open Agriculture extends China distribution deal to 2028
Polymetals Resources generates $31M sales from Endeavor Mine
H3 Energy finds deeper gas targets at Warro gas field
BSP Financial Group quarterly net profit reaches K334M
Resonance Health secures $6M share placement