{"id":133054,"date":"2024-08-15T07:30:22","date_gmt":"2024-08-15T04:30:22","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/slowest-us-inflation-since-2021-raises-rate-cut-hope\/"},"modified":"2024-08-15T07:30:22","modified_gmt":"2024-08-15T04:30:22","slug":"slowest-us-inflation-since-2021-raises-rate-cut-hope","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/en\/news\/slowest-us-inflation-since-2021-raises-rate-cut-hope\/","title":{"rendered":"Slowest US inflation since 2021 raises rate cut hope"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\" method=\"post\" data-trp-original-action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button\" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/en\/wp-json\/wp\/v2\/posts\/133054\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <input type=\"hidden\" name=\"trp-form-language\" value=\"en\"\/><\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\n<p>Consumer prices in the US rose at the slowest pace in more than three years last month, bolstering the case for the central bank to start cutting interest rates. Overall, prices rose 2.9% over the 12 months to July, the smallest annual increase since March 2021 and down from 3% in June, the Labor Department said. The monthly inflation report was being closely watched after signs of weaker-than-expected jobs growth in July sparked stock market turmoil and recession fears earlier this month.<\/p>\n<p>Analysts said the figures should help convince the Federal Reserve that high borrowing costs are working to return inflation back to normal, despite upticks in housing and food costs.<br \/>\nThe Federal Reserve has held its key lending rate at 5.3% &#8211; a roughly two-decade high &#8211; since July 2023, a move that has hit the public in the form of higher rates for mortgages, credit cards and other loans.<\/p>\n<p>By keeping rates high, the bank is hoping to discourage borrowing and cool the demand pressures that were helping drive up prices of homes, cars and other items. But the central bank is under pressure to cut rates as inflation, which tracks the pace of price increases, has started to move closer to its 2% target rate, helped by lower oil prices and resolution of Covid-era supply chain crunches.<br \/>\nThe three major stock indexes in the US were little changed after the report, which came in roughly as expected.<\/p>\n<p>Julian Howard, chief multi-asset investment strategist at GAM Investments, said a rate cut in September now looked &#8220;all but certain&#8221;. But he said he thought the Fed would remain cautious about signalling the path ahead, pointing to last month&#8217;s uptick in inflation in the UK, where the Bank of England recently cut rates. &#8220;While the UK&#8217;s higher-than-2% figure, was to an extent expected, it is still slightly jarring when inflation comes in higher than the target after a recent rate cut,&#8221; he said.<\/p>\n<p><a rel=\"noopener\" href=\"https:\/\/www.bbc.com\/news\/articles\/cwy3wy522dyo\">Read more&gt;&gt;<\/a><\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.bbc.com\/news\/articles\/cwy3wy522dyo\">BBC<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/csr-news-en\/slowest-us-inflation-since-2021-raises-rate-cut-hope\/\">Slowest US inflation since 2021 raises rate cut hope<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[555,15701],"class_list":["post-133054","post","type-post","status-publish","format-standard","hentry","category-news","tag-csr-news-en","tag-slowest-us-inflation"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/133054","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/comments?post=133054"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/133054\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/media?parent=133054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/categories?post=133054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/tags?post=133054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}