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
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
