Bessent Says US Core Inflation Fell to 2.5%, Bottom-Quartile Wages Rose 5.5%
JH Kim
Summary
- US Treasury Secretary Scott Bessent said US core inflation fell to 2.5%.
- Bessent said wages for the bottom 25% of US workers by pay rose 5.5% over the past year.
- Cointelegraph reported the remarks.
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US Treasury Secretary Scott Bessent said US core inflation has fallen to 2.5%.
Cointelegraph reported on August 14 that Bessent said, "Core inflation is down to 2.5%." He added that wages for the bottom 25% of US workers by pay rose 5.5% over the past year.
JH Kim
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