This article discusses how the Federal Reserve is set to make a decision on interest rates based on upcoming inflation data. The focus is on the consumer price index (CPI) and producer price index (PPI) reports for August. The article mentions that while inflation rates are not close to the Fed’s target of 2%, there has been a moderation in inflation over the past few months. The focus has shifted to the labor market, with hiring slowing down. The expectation is for the Fed to start rolling back rates, with markets predicting a quarter percentage point reduction. Some economists believe this could be a mistake, as the slowdown in hiring may continue. Market pricing suggests a more aggressive rate cut in November and possibly December.
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