Inflation rate declines a bit to 8.5% in July as gas prices drop

FAN Editor 2 years ago

Inflation rate declines a bit to 8.5% in July as gas prices drop – CBS News

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The annual inflation rate was 8.5% in July, a slight dip from the four-decade high of 9.1% in June. CBS News reporter Sarah Ewall-Wice breaks down what this means for American consumers.

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U.S. stocks soar after inflation falls more than expected in July

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Stocks on Wall Street soared on Wednesday after inflation cooled more than expected last month, sparking speculation the Federal Reserve may not have to be as aggressive about hiking interest rates as feared. The S&P 500 was up 73 points at 4,196, or 1.8%, as of 12:30 Eastern Time, amid […]

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