Charting the Global Economy: Inflation Eases in US and Europe
Shoppers in Georgetown, Washington, DC.
Photographer: Ting Shen/BloombergThis article is for subscribers only.
Inflation cooled in the US and Europe, setting the stage for policymakers in both regions to lower interest rates in September.
On a three-month annualized basis, the Federal Reserve’s preferred measure of underlying US inflation advanced 1.7% in July, the slowest this year. In Europe, consumer prices rose 2.2% in August from a year ago — the tamest since mid-2021 and significantly lower than the 2.6% pace a month earlier.