Inflation rises barely as financial system reacts to rate of interest cuts

New knowledge reveals inflation rose barely because the Federal Reserve navigates rate of interest cuts following indicators of cooling costs and a weaker labor market. CBS News contributor JD Durkin has extra.

CBS News 24/7 is the premier anchored streaming information service from CBS News and Stations that’s obtainable free to everybody with entry to the web and is the vacation spot for breaking information, reside occasions, authentic reporting and storytelling, and applications from CBS News and Stations’ prime anchors and correspondents working domestically, nationally and across the globe. It is out there on greater than 30 platforms throughout cell, desktop and linked TVs free of charge, in addition to CBSNews.com and Paramount+ and reside in 91 international locations.

Subscribe to the CBS News YouTube channel: https://youtube.com/cbsnews
Watch CBS News 24/7: https://cbsnews.com/live/
Download the CBS News app: https://cbsnews.com/mobile/
Follow CBS News on Instagram: https://instagram.com/cbsnews/
Like CBS News on Facebook: https://facebook.com/cbsnews
Follow CBS News on X: https://twitter.com/cbsnews
Subscribe to our newsletters: https://cbsnews.com/newsletters/
Try Paramount+ free: https://paramountplus.com/?ftag=PPM-05-10aeh8h

For video licensing inquiries, contact: [email protected]