CPI Stats Unlikely to Derail Fed Rate Cut in September
Sunday, 11 August 2024, 17:00
The recent CPI stats suggest a steady trend in US inflation, which is unlikely to derail the Fed rate cut in September. Significant insights emerge from the July jobs report, indicating that US employers have substantially scaled back hiring. This pattern, combined with an increasing unemployment rate for four consecutive months, triggers a key recession indicator. It's crucial to observe how these elements will affect investment strategies ahead.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.