Inflation Cooling, Fed Hesitates | Detroit News

Inflation’s cooling trend continues as July numbers show a 3.4% annual pace — down from May’s peak of 4.2% — signaling relief for wallets and hinting at a possible slowdown in price hikes. Core inflation also dipped to 2.5%, suggesting broader price stability beyond volatile energy costs. With a weaker-than-expected jobs report and upcoming September Fed meeting, rate hikes may be on hold as policymakers watch August data closely. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/92abf39e5e3a4250