The New York Times on Nostr: The Fed’s Preferred Inflation Gauge Stays Cool, Keeping a Rate Cut Imminent ...
The Fed’s Preferred Inflation Gauge Stays Cool, Keeping a Rate Cut Imminent
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Inflation in July held steady at 2.5% annually; core index rose 2.6%; Fed likely to lower interest rates in September; inflation peaked over 7% in 2022; Jerome H. Powell indicated 'time has come' for rate cuts; August jobs report will influence rate cut decisions; Kamala Harris benefits from cooling inflation; Donald J. Trump criticizes potential rate cuts as political; last P.C.E. report before Fed's Sept. 17-18 meeting.
#Inflation #FederalReserve #InterestRates #Economy #JobsReport #JeromePowell #KamalaHarris #DonaldTrump #Pce #EconomicPolicy
https://www.nytimes.com/2024/08/30/business/economy/inflation-stays-cool-fed-rate-cut.html
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Inflation in July held steady at 2.5% annually; core index rose 2.6%; Fed likely to lower interest rates in September; inflation peaked over 7% in 2022; Jerome H. Powell indicated 'time has come' for rate cuts; August jobs report will influence rate cut decisions; Kamala Harris benefits from cooling inflation; Donald J. Trump criticizes potential rate cuts as political; last P.C.E. report before Fed's Sept. 17-18 meeting.
#Inflation #FederalReserve #InterestRates #Economy #JobsReport #JeromePowell #KamalaHarris #DonaldTrump #Pce #EconomicPolicy
https://www.nytimes.com/2024/08/30/business/economy/inflation-stays-cool-fed-rate-cut.html