WASHINGTON, D.C. — US consumer inflation cooled last month — though slightly less than expected — according to government data published Thursday, providing further evidence that price pressures are easing ahead of November's presidential election.
WASHINGTON, D.C. — US consumer inflation cooled last month — though slightly less than expected — according to government data published Thursday, providing further evidence that price pressures are easing ahead of November's presidential election.The consumer price index slowed to 2.4 percent in September from a year ago, down from 2.5 percent in August, the Labor Department said in a statement.
'It was too big a cut, and everyone knows that was a political maneuver that they tried to do before the election,' Trump said. The former US president has previously indicated he believes the commander-in-chief should have a 'say' over interest rates.'But they did the wrong thing,' Trump continued, adding — without evidence — that 'inflation has started to rise,' as a result of last month's rate cut.Peace from Oxford Economics painted a more nuanced picture.
Consumer Inflation Cools But Tops Forecast
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