The New York Times on Nostr: Inflation Is Expected to Remain Subdued as Rate Cuts Near ========== Federal Reserve ...
Inflation Is Expected to Remain Subdued as Rate Cuts Near
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Federal Reserve expected to cut interest rates for the first time in over four years; Consumer Price Index likely rose by 2.5% year-over-year through August, down from 2.9% in July and a peak of 9.1% in 2022; core inflation expected at 3.2%; Fed meeting scheduled for next Tuesday and Wednesday; potential rate cut of 0.25% from current 5.33%; economic stimulus during pandemic led to increased consumer demand and subsequent inflation; Fed raised rates starting early 2022 to combat inflation; Jerome H. Powell emphasizes the need to maintain a strong labor market; jobless rate has risen nearly 1% over the past year; Christopher J. Waller advocates for careful rate cuts in context of stable inflation.
#FederalReserve #Inflation #InterestRates #Economy #ConsumerPriceIndex #LaborMarket #EconomicPolicy #RateCuts #JeromePowell #ChristopherWaller
https://www.nytimes.com/2024/09/11/business/cpi-inflation-august.html
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Federal Reserve expected to cut interest rates for the first time in over four years; Consumer Price Index likely rose by 2.5% year-over-year through August, down from 2.9% in July and a peak of 9.1% in 2022; core inflation expected at 3.2%; Fed meeting scheduled for next Tuesday and Wednesday; potential rate cut of 0.25% from current 5.33%; economic stimulus during pandemic led to increased consumer demand and subsequent inflation; Fed raised rates starting early 2022 to combat inflation; Jerome H. Powell emphasizes the need to maintain a strong labor market; jobless rate has risen nearly 1% over the past year; Christopher J. Waller advocates for careful rate cuts in context of stable inflation.
#FederalReserve #Inflation #InterestRates #Economy #ConsumerPriceIndex #LaborMarket #EconomicPolicy #RateCuts #JeromePowell #ChristopherWaller
https://www.nytimes.com/2024/09/11/business/cpi-inflation-august.html