Annual inflation rate falls below 3% for the first time since 2021 as Fed eyes potential rate cut

The video discusses recent inflation data showing a 2.9% increase, marking the first time inflation has been below 3% since March 2021. This is seen as a positive sign for the Federal Reserve, potentially leading to interest rate cuts. Despite this, consumers still face high prices in housing and groceries. Experts predict possible interest rate reductions in upcoming Federal Reserve meetings.

What challenges are Americans facing regarding affordability, according to the economic analyst?

What predictions are experts making about interest rate changes in September and November?