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In an unexpected twist, July saw a surge in headline inflation, marking the first acceleration in over a year due to a peculiar trend in year-over-year comparisons. However, a closer analysis of the underlying data reveals that the momentum of price increases is actually slowing down. This insight was revealed Continue Reading

At its last policy meeting in July, the Federal Reserve raised the target for the federal funds rate, a key overnight bank lending rate, to a range of 5.25% to 5.50%. It was the 11th rate hike since March 2022 as part of the central bank’s campaign to reduce inflation Continue Reading