Annual inflation rate falls below 3% for the first time since 2021 as Fed eyes potential rate cut

The video discusses recent inflation data showing a 2.9% increase, marking the first time inflation has been below 3% since March 2021. This is seen as a positive sign for the Federal Reserve, potentially leading to interest rate cuts. Despite this, consumers still face high prices in housing and groceries. Experts predict possible interest rate reductions in upcoming Federal Reserve meetings.

What was the inflation rate in July, and why is it significant?

• 3.0%, remaining steady compared to last year

• 2.5%, showing a significant drop from last month

• 3.5%, indicating a rise from the previous year

• 2.9%, marking the first time below 3% since March 2021

Which category saw the highest increase in prices according to the latest consumer price index?

• Medical care

• Used cars

• Shelter

• Energy

What was the trend in energy prices according to the report?

• Energy prices decreased

• Energy prices fluctuated

• Energy prices remained flat

• Energy prices increased significantly

What is one reason people believe the economy isn't doing well?

• High prices at the grocery store and gas pumps

• Low unemployment rates

• Decreasing housing costs

• Stable interest rates

What is the Federal Reserve expected to do in September according to experts?

• Increase interest rates by 1%

• Maintain current interest rates

• Drop interest rates by 1/4 of a percent

• Raise interest rates by 1/2 of a percent