US Inflation Hits Two-Year Low, Giving Hope for End to Fed Hikes

(Bloomberg) -- US inflation sharply cooled last month, offering fresh hope that the Federal Reserve can soon wrap up the most aggressive interest-rate hikes in decades.Most Read from BloombergSingapore Minister Faces Most Serious Graft Probe Since 1986DeSantis Says No Thanks to $377 Million in US Energy FundsSaudi Arabia’s PIF Wealth Fund Takes $11 Billion Investment Hit‘Pivotal’ US CPI Report to Show Lowest Core Inflation Since 2021US Inflation Hits Two-Year Low, Giving Hope for End to Fed Hike

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