U.S. core inflation slows for the fourth consecutive month, the Federal Reserve is expected to decide on a rate cut

In July, the potential inflation rate in the United States fell for the fourth consecutive month, prompting the Federal Reserve to potentially lower interest rates next month. The core CPI annual rate was recorded at 3.2%, still the lowest growth rate since early 2021. Economists believe that core indicators better reflect potential inflation than overall CPI. As the economy slowly shifts into a slowdown gear, inflation is generally on a downward trend. Coupled with a softening job market, it is widely expected that the Federal Reserve will begin cutting interest rates next month, and the extent of these cuts may depend on more data to be released soon.