Month-over-month drop was the largest since April 2020
Wednesday’s planned meeting between Biden and Xi would be the first time the two leaders will have spoken in a year
A modest 150,000 U.S. jobs were created in the month amid higher borrowing rates
Labour market shows strength, even as the Fed tries to cool the economy
Mideast war poses new uncertainty
American employers posted 9.6 million job openings in August, up from 8.9 million in July
Surprising resilience continues amid tighter monetary policy
Consumer spending showed a decent gain but was down from Q1
By all measures, inflation has cooled over the past year, moving closer to the Fed’s 2% target level but still remaining persistently above it
Thursday's report is the first of two CPI numbers Fed policymakers will see before their next meeting