Inflation Eases as Investors Gain Confidence

Inflation Deceleration Restores Investor Confidence

Inflation has seen a notable decline, offering a sigh of relief to investors and reducing the fears of an impending recession that were prominent earlier this year in August. The Consumer Price Index (CPI) rose by just 2.9% in July on a year-over-year basis, marking its slowest pace since March 2021. This figure comes in below both the previous month's rate and the anticipated 3%, which has contributed to a more positive investment sentiment.