AmiSight 7/29: Economic Reports Last Week Show Slowing Inflation

Inflation is finally cooling (counter-cyclical to the weather these days 😊) !!

Data last week showed inflation for the second month in a row, with help from lower gas prices.

Friday’s report also showed signs of a moderating job market, with U.S. consumer sentiment also falling.

It feels like the economic tides are changing, and we can expect an interest rate drop soon.