(11a) -v-34- WASHINGTON (Correspondent Jeremy House) “std.” An inflation measure closely tracked by the Federal Reserve remained low last month. Correspondent Jeremy House reports. [CutID: <Cuts> CONSUMER-SPENDING-house-v-FRIam.mp3 Time: 34s Title: CONSUMER-SPENDING-house-v-FRIam Out-cue: std] ————————– VERBATIM: Prices rose just 0.2% from June to July, up a bit from the previous month’s 0.1% increase. Compared with a […]
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Fed’s favored inflation gauge shows price pressures easing as rate cuts near
(11a) -v-34- WASHINGTON (Correspondent Jeremy House) “std.”
An inflation measure closely tracked by the Federal Reserve remained low last month. Correspondent Jeremy House reports.
[CutID: <Cuts> CONSUMER-SPENDING-house-v-FRIam.mp3
Time: 34s
Title: CONSUMER-SPENDING-house-v-FRIam
Out-cue: std]
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VERBATIM: Prices rose just 0.2% from June to July, up a bit from the previous month’s 0.1% increase. Compared with a year earlier, inflation was unchanged at 2.5%. The trend of cooling price increases may clear the way for the Fed to start cutting its key interest rate next month for the first time in 4 1/2 years. Despite the near-end of high inflation, many Americans remain unhappy with sharply higher average prices for such necessities as gas, food and housing compared with pre-pandemic levels…JH, Washington.