Reported about 1 month ago
The latest PCE inflation reading shows a steady annual change of 2.6%, reinforcing expectations that the Federal Reserve will cut interest rates in September. This data suggests that consumer strength remains solid amid signs of disinflation, with market predictions leaning towards a modest quarter-point cut. Fed Chair Jerome Powell indicated readiness for policy adjustments, while the upcoming jobs report on September 6 could influence the magnitude of the cut. Overall economic data indicates stability, alleviating recession concerns for now.
Source: YAHOO