Slowdown In Inflation Bolsters Case For Fed Cut.

The article reports on the moderation of inflation based on the July 2024 Consumer Price Index that bolsters the case for the U.S. Fedral Reserve to cut interest rates. It suggests the positive impact of a milder inflation on the presidential campaign of U.S. Vice President Kamala Harris. Emphasis is also given on the job of the Federal Reserve to protect the labor market following the rise of unemployment and slowdown of hiring.