Us Inflation Rate 2024 Today News. 130 rows the annual inflation rate for the us was 2.4% for the 12 months. Wall street analysts saw wednesday's surprise pickup in the inflation rate as a sign that the fed could leave rates on hold for months longer than expected.
Inflation continued to recede in august, paving the way for the federal reserve to lower interest rates for the first time since early 2020 at their meeting next week. The new report is a sign that inflation is cooling again after proving sticky early in 2024, and it could help to inform fed officials as they set out a future path for interest rates.