Annual inflation rate cooled again in July as Fed eyes potential rate cut

The video discusses a recent inflation report showing a 2.9% increase in prices in July compared to the previous year, marking the first time inflation has been below 3% since March 2021. This positive report may influence the Federal Reserve to consider cutting interest rates in their upcoming meeting, aligning with previous expectations of a potential rate cut.

What was the percentage increase in prices in July compared to the previous year?

• 2.5%

• 3.1%

• 2.9%

• 3.5%

When was the last time before July that year-over-year inflation was below 3%?

• May 2021

• April 2021

• June 2021

• March 2021

What potential action by the Federal Reserve is discussed in light of the inflation report?

• Introducing new monetary policies

• Cutting interest rates

• Maintaining current interest rates

• Increasing interest rates

What was the conventional expectation for the Federal Reserve's action before the latest inflation report?

• Increase rates by 0.25 or 0.5

• Maintain current rates

• Introduce new monetary policies

• Cut rates by 0.25 or 0.5

How might the latest inflation news affect the Federal Reserve's decision-making process?

• Simplify the decision

• Have no effect

• Make it more complicated

• Delay the decision