Inflation ticked up in August, but Fed rate cut in play as jobless claims surge

U.S. inflation picked up moderately in August, with prices up 2.9% from a year earlier. The Federal Reserve next meets Sept.

The Federal Reserve is expected to cut interest rates. How low will it go?

While inflation remains above the Fed's 2% target, economists expect a rate cut this September to address the weakening labor market.
Business Insider

The Fed cuts interest rates by 25 basis points after disappointing job growth — and mounting political pressure

You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. Follow Allie Kelly Every time Allie publishes a story, you’ll get an alert straight to your inbox!
CBS News

How does the Fed influence mortgage rates? Here's what to know as policymakers consider trimming borrowing costs.

The Federal Reserve is widely expected to lower its benchmark interest rate this week for the first time since December of 2024. A rate cut would give Americans a sliver of relief on a wide range of ...