Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September.
Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September.
I’d have to look but I think wage growth is falling again and of course there’s the skewed employment statistics that don’t factor in people working multiple jobs… You are dead on though. Inflation is sustainable if the rest of the growth is moving along with it … unfortunately ours isn’t resulting in the overheating.