US EditionNew inflation data factors into Federal Reserve's interest rates decision
Federal Reserve Chair Jerome Powell indicated a possible rate cut next month despite inflation at 2.9%, balancing price control with job market risks amid tariff uncertainties.
- On Friday, the Federal Reserve closely watched new inflation data showing a 2.9% increase since last year as Chair Jerome Powell signaled a possible rate cut next month despite inflation above 2%.
- Jerome Powell has warned that President Donald Trump's shifting tariffs complicate forecasts and that tariff effects take time to move through supply chains, while goods prices cooled 0.1% in July amid a wobbling U.S. job market.
- Consumer spending data shows American consumers increased outlays 0.5% in July, personal consumption expenditures rose 2.6% last month, and coffee, beef and eggs prices climbed sharply.
- Traders put the odds at 87% for a Fed rate cut, while Federal Reserve Chair Jerome Powell warned that `Risks to inflation are tilted to the upside, and risks to employment to the downside ˜ a challenging situation.`
- Analysts caution U.S. tariffs could 'take a growing bite' out of income and spending, while Powell noted a 'one-time' tariff shock will take time to ripple through supply chains in the coming months.
21 Articles
21 Articles
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Global markets are focused on the US Federal Reserve (Fed) meeting in September. While the Fed, which held interest rates steady in July, is eagerly awaiting its next meeting, investors are closely monitoring inflation data and economic indicators. The question, "When will the Fed's interest rate decision be announced?" is among the most frequently asked questions on the market agenda. Here are the details...
Interest rate: – Trump can breathe a sigh of relief – This means a lot for interest rates in the US. Fortunately for Federal Reserve Chairman Jerome Powell, there are no surprises in the figures, says Chief Economist Kyrre Knutsen at Sparebank 1 Sør-Norge to Nettavisen. Inflation in the US rose slightly in July, according to recent figures from the US Department of Commerce. The so-called core inflation, which is the Federal Reserve's preferred…
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