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zamb
@zambr
In September 2024, U.S. inflation has been steadily declining, nearing the Federal Reserve's target of 2%. The latest data shows that the personal consumption expenditures (PCE) index, a key inflation measure, was at 2.5% in July. Despite this progress, concerns over rising unemployment persist. The unemployment rate reached 4.3%, with signs of labor market weakening. Federal Reserve Chair Jerome Powell has indicated the possibility of interest rate cuts in upcoming meetings to prevent further job losses while keeping inflation under control.
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