The Fed’s preferred inflation gauge had its slowest annual increase in more than three years, likely getting policy makers closer to the conviction needed to ease monetary policy.

Looks like inflation is around 2.6% and holding steady/falling slowly.

This is good news for the stock market and could impact elections in November since we’ll likely see a rally if rates do get cut in Sept.

  • Dead_or_Alive@lemmy.worldEnglish
    2·
    5 months ago

    I don’t expect rate cuts this year. Fed had to claw their way up to get interest rates to where they are. They aren’t going to reduce them as easily as in the past.