Annual US consumer inflation fell to 2.5% in August, a 3-year low

WASHINGTON, D.C.: With the post-pandemic spike in U.S. inflation easing further last month, the path was cleared for the Federal Reserve to cut interest rates and likely shape the economic debate in the final weeks of the presidential race.

This week, the Labor Department's report showed that consumer prices rose 2.5 percent in August from a year earlier, down from 2.9 percent in July. It was the fifth straight