Latest inflation numbers show unexpected shift in US economy before election

New government data shows inflation dropping close to Fedʼs target rate just months before presidential election. Numbers match pre-covid levels from about six years ago

October 31 2024 , 02:59 PM  •  815 views

Latest inflation numbers show unexpected shift in US economy before election

The US economy shows new signs of price stability as voters prepare for the upcoming presidential election. Recent Commerce Department stats indicate a drop in inflation rates - from 2.3% in Aug to 2.1% in Sept (which matches the governments target rate of around 2%)

The latest numbers bring back memories of pre-covid times when the economy was more stable. These figures look similar to what we saw back in twenty-eighteen; before all that pandemic-related economic mess started. Its particularly interesting since many americans are still thinking about high-prices when considering their vote

The Federal Reserve – which plays a key role in managing inflation – might find these numbers helpful for their decision-making process. The data suggests their past actions to control prices (through various policy-changes and interest-rate adjustments) could be working as planned