Reported about 2 months ago
Upcoming US inflation figures are set to reinforce expectations for interest-rate cuts as the Federal Reserve shows signs of successfully managing price pressures. Economists forecast a 0.2% rise in the personal consumption expenditures price index for July, suggesting core inflation has stabilized just above the Fed's 2% target. Meanwhile, consumer spending is predicted to see significant growth, as positive trends in employment support economic expansion.
Source: YAHOO