Breitbart Business Digest: Will the Fed Push Back on Expectations for a September Cut?

This week’s meeting of the Federal Open Market Committee . Will they stick by their forecast of a single rate cut this year or capitulate to financial markets that are pricing in multiple cuts this year?

, upending the Fed’s plans and calling into question whether inflation really was so strongly on a path to two percent that it would continue to decline even in the face of rate cuts. Fed officials decided that instead of rushing to cut, it would be prudent to wait for more evidence that inflation really would keep falling.In the months since then, inflation has come down. The personal consumption expenditures price index, which had increased at a 3.

rates after just one-quarter of benign data. It would be far safer for the Fed to simply hold rates at their current level and wait for another quarter or two to confirm that inflation really is moving down sustainably.. The government’s broadest measure of growth, gross domestic product, expanded at a 2.8 percent rate in the second quarter. Income after taxes and inflation rose by one percent.

The headline S&P Global “flash” purchasing managers index rose from 54.8 in June to 55.0 in July, the highest reading since April 2022. It showed that theWhile there has been a lot of talk about the labor market cooling, it’s important to note that this has been a very slow process. Unemployment has climbed slowly and unevenly, which looks more like normalization rather than a weakening of the labor market.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Breitbart Business Digest: Depressed Consumers Are Bad News for Kamala HarrisSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »

Breitbart Business Digest: Tariffs Are Not Taxes on American ConsumersSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »

Breitbart Business Digest: Harris Is Burdened by the Biden-Harris Economic RecordSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »

Breitbart Business Digest: More Biden-Harris Chaos=Fewer Fed CutsSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »

Breitbart Business Digest: Fed May Start Pushing Back on the Market This MonthSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »

Breitbart Business Digest: The Political Calculus Behind Biden’s Awful Rent Control SchemeSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »