Inflation extended a run of cooler readings in July, sealing the case for the Federal Reserve to cut interest rates at its meeting next month.
The consumer-price index rose 2.9% from a year earlier, which is the lowest reading since 2021.
Core inflation hit a three-year low.
A sustained and broad inflation slowdown provides the Fed with greater room to focus on shoring up any potential weakness in the labor market. #featured #trending
