US inflation cooled even as the job market remained resilient, bolstering the case that the Federal Reserve can accomplish a soft landing for the economy. The central bank’s preferred underlying inflation metric posted the smallest back-to-back increases since late 2020, encouraging a boost in consumer spending. A separate report showed employers added more jobs than forecast in August while wage growth cooled. Meantime, inflation in the euro-area stopped slowing last month, confounding expectations for softer price pressures. Inflation in Zambia quickened to the highest level since April 2022. Here are some of the ... (full story)