#CPI&JoblessClaimsWatch U.S. Inflation Slows Sharply – CPI Falls to 2.4%

The latest U.S. Consumer Price Index (CPI) year-over-year report shows a bigger-than-expected drop in inflation, sparking fresh discussions on potential Federal Reserve rate cuts.

🔍 Here’s the breakdown:

Actual CPI: 2.4%

Forecast: 2.5%

Previous: 2.8%

This marks a significant decline from the previous reading of 2.8% and also falls short of analysts' expectations at 2.5%.