Price hikes slowed more than expected in July, bringing the Consumer Price Index below 3% for the first time in over three years. With inflation appearing under control, the Federal Reserve may cut rates next month, aiming to boost job growth and ease economic stress. Consumer prices rose 2.9% over the past year, down from June’s 3% gain, according to the latest CPI report.
"This is great news, taking politics out of it. This is great news for the country. This is great news for people who need to go out and buy things for their families."
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