Reported about 1 month ago
The Federal Reserve is expected to start cutting interest rates next month as the core personal consumption expenditures price index, a key measure of inflation, rose only 0.2% in July, indicating a cooling trajectory. Although consumer spending increased, sluggish income growth and a declining saving rate raise concerns about the sustainability of this spending. The latest data supports the Fed's shift towards loosening monetary policy amid emerging signs of labor market weaknesses.
Source: YAHOO