U.S. inflation dipped to 2.9% in July 2024, marking the first time it has fallen below 3% since 2021.
This decline has fueled expectations that the Federal Reserve may cut interest rates in September.
However, despite this encouraging sign, core inflation remains at 3.2%, and the labor market shows signs of cooling, which has unsettled Wall Street.
While some investors anticipate a rate cut, others remain cautious, as the Fed balances inflation control with maintaining employment stability.
