Although inflation remains “somewhat elevated,” FOMC officials agreed to cut interest rates because “downside risks to employment have risen.”

As in much of risk management, diversifying exposures and building resilience are key.

The continued rise in chronic and high-cost conditions remains a primary driver of escalating medical costs in the United States.

Most of the decline in services prices is attributable to a 3.9% drop in margins for machinery and vehicle wholesaling, while finished consumer goods excluding food and energy rose at the fastest pace since February.