Economics

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Annual US inflation falls to 3-year low, clearing the way for the Fed to begin cutting rates (apnews.com)

submitted 1 year ago by MicroWave@lemmy.world to c/economics@lemmy.world

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Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September.

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[–] HK65@sopuli.xyz 1 points 1 year ago

The whole point of the government not doing anything is that only the central bank can solve inflation through rate hikes.

This ensures further wealth concentration, if the government wasn't lame, more equitable and sane outcomes would be possible.

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