Inflation in the United States Rose to 2.9 percent year-on-year in August. That is the Largest Increase Since January. Neverberness, Economists Expect The US Central Bank, The Federal Reserve, to Cut Interest Rates Next Week.
Prices in the US Rose Faster Than Expected in August. Figures from the US Bureau of Labor Statistics Show That Consumer Prices Rose by 0.4 percent Last Month. Economists had expected an increase or 0.3 percent.
The Higher Inflation is partly related to the import Duties Imposed by Us President Donald Trump. American Companies Have Largely Used Up Their Old Stocks. As a result, the prices of new, more Exensive imported Goods are now more noticeable.
AltheHeflation in the US HAS Risen, The Federal Reserve is Likely to Opt for an interest rate Cut Next Wednesday, Analysts Tell News Agency Reuters . By Lowering Interest Rates, Borrowing Becomes Cheaper for Consumers and Companies. This Stimulates Spending and Investment.
In this way, The Central Bank is trying to keep the economy going and protect jobs. At the same time, price increases must remain manageablage.