Reported 28 days ago
Recent inflation data suggests the Federal Reserve is likely to proceed with a quarter-point interest rate cut during its upcoming meeting, disappointing some investors who anticipated a larger cut. The Consumer Price Index showed a stable core inflation rate of 3.2% in August, but broader inflation eased to 2.5%, the lowest since early 2021. This has shifted market expectations, with a 25 basis point cut now seen as the most probable outcome.
Source: YAHOO