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Inflation in line with expectations in July as investors eye rate cuts

  • August 14, 2024

A closely watched report on US inflation showed that consumer price increases came in line with estimates during the month of July, according to the latest data from the Bureau of Labor Statistics released Wednesday morning. The Consumer Price Index (CPI) rose 0.2% over the previous month, an uptick from June’s 0.1% decline amid a

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Finance

Here’s Why I Don’t Think Americans’ Finances Will Ever Fully Recover From Inflation

  • June 29, 2024

DNY59 / Getty Images/iStockphoto You can’t turn anywhere without hearing about the impact of inflation since everything around us has become more expensive over the last few years. The inflation rate for the year ending in May was 3.3%; however, inflation peaked at 9.1% in June 2022, reaching the highest level in over 40 years.

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