Inflation data comes in lower than expected
CPI report shows cooling prices, boosting hopes for a soft landing. The latest Consumer Price Index (CPI) report brought welcome news for the economy, showing inflation continuing to moderate. The Numbers Headline CPI: 2.7% year-over-year (expected 2.9%) Core CPI: 3.1% (expected 3.3%) Month-over-month: 0.1% (expected 0.2%) What’s Driving the Decline Several factors contributed to the […]