This is a news story, published by Fortune, that relates primarily to the Federal Reserve’s news.
For more inflation news, you can click here:
more inflation newsFor more news from Fortune, you can click here:
more news from FortuneOtherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like this article about inflation, you might also like this article about
core PCE inflation. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest economic slowdown news, recession news, news about inflation, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
inflationFortune
•82% Informative
Consumer spending rose at a 2.3% annual rate in the April-June quarter , up from a 1.5% pace in the first three months of the year .
Inflation continues to ease, while still remaining above the Federal Reserve’s 2% target.
The Fed officials have made clear that with inflation edging toward their target level, they're prepared to start cutting interest rates soon.
VR Score
90
Informative language
95
Neutral language
36
Article tone
formal
Language
English
Language complexity
46
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
1
Source diversity
1
Affiliate links
no affiliate links