US inflation falls to lowest level since February 2021 as Fed prepares to cut interest rates

US inflation fell to its lowest level since February 2021 in August, new figures show, but core prices rose faster than anticipated. Figures from the Bureau of Labor Statistics showed that inflation fell to 2.5 per cent in August, down from 2.9 per cent the month before and in line with expectations. Prices increased 0.2 per [...]