OAN Staff&nbsp;<a href="https://www.oann.com/tag/alicia-summers">Alicia Summers</a> 2:40 PM – Friday, July 26, 2024
Inflation is inching closer to the Federal Reserve’s 2% annual target, according to the latest ‘Personal Consumption Expenditures Price Index.’ The index shows modest increases: 0.1% month-over-month and 2.5% year-over-year. Despite this progress, the possibility of a September rate cut remains uncertain but not off the table. Joining Alicia Summers is David Stryzewski, CEO of Sound Planning Group.
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OAN Staff Alicia Summers2:40 PM – Friday, July 26, 2024 Inflation is inching closer to the Federal Reserve's 2% annual target, according to the latest 'Personal Consumption Expenditures Price Index.' The index shows modest increases: 0.1%{ai:summary}Inflation's creeping toward the Fed's 2% target, whispering sweet nothings of stability. The latest index reports a modest uptick, but there's a cloud of uncertainty hanging over rate cuts come September. It's a delicate dance of dollars and cents, a waiting game for the economy’s next move. #economy

Inflation Nears Fed's 2% Target; Rate Cut Uncertainty Remains

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