Financial Times on Nostr: Federal Reserve’s preferred inflation measure held steady at 2.5% in July ...
Federal Reserve’s preferred inflation measure held steady at 2.5% in July
==========
Federal Reserve's preferred inflation measure remained at 2.5% in July; Fed chair Jay Powell indicated it's time to consider rate cuts; debate among Fed watchers on potential cuts of 0.25 or 0.5 percentage points in September; data supports Biden administration and VP Kamala Harris's campaign; Harris noted more work needed for middle- and working-class households; concerns over slowing labor market ahead of November elections; upcoming jobs and unemployment figures for August could be crucial.
#FederalReserve #Inflation #JayPowell #KamalaHarris #RateCuts #Economy #LaborMarket #BidenAdministration #AugustJobsReport #Pce
https://www.ft.com/content/d349bd2e-c3a9-4d9d-b803-e51af9053b1a
==========
Federal Reserve's preferred inflation measure remained at 2.5% in July; Fed chair Jay Powell indicated it's time to consider rate cuts; debate among Fed watchers on potential cuts of 0.25 or 0.5 percentage points in September; data supports Biden administration and VP Kamala Harris's campaign; Harris noted more work needed for middle- and working-class households; concerns over slowing labor market ahead of November elections; upcoming jobs and unemployment figures for August could be crucial.
#FederalReserve #Inflation #JayPowell #KamalaHarris #RateCuts #Economy #LaborMarket #BidenAdministration #AugustJobsReport #Pce
https://www.ft.com/content/d349bd2e-c3a9-4d9d-b803-e51af9053b1a