Fed unlikely to cut rates next week, but may send clear signal on September cut
Investing.com -- The Federal Reserve's meeting next week is expected to come to soon for rate cuts, but central bank will likely take the opportunity to set the stage for a September rate cut following more progress on inflation.
theFederal Reserve's preferred inflation gauge, rose 0.2% in June and 2.6% in the 12 months through June, compared with estimates for 0.2% and 2.5%, respectively. While inflation has been the key focus for the Fed since its rate-hiking cycle got underway more than two years, Macquarie has believes Powell's remarks around the weakening in the labor market will be key.
In recent weeks, the Fed has faced mounting calls to ditch its higher for longer stance or risk missing the soft landing.
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