đ U.S. Inflation Data Could Drive Rate Cut Bets Next Week!
đš Next weekâs U.S. inflation data is set to be a game-changer! Economists are eyeing the Fedâs go-to inflation measure, the personal consumption expenditures (PCE) price index, which is expected to rise just 0.2% in July for the second month in a row. If the three-month annualized core inflation rate drops to 2.1%, we might see rate cuts sooner than expected!
đł Consumer Spending On The Rise: Julyâs consumer spending is also predicted to climb by 0.5%âthe strongest gain in four months. This resilience is key for the Fed as it tries to balance cooling inflation with steady economic growth.
đ ïž Fedâs Next Move: Fed Chair Jerome Powell hinted at policy tweaks ahead, emphasizing a careful approach to both inflation and the labor market. Could this be the start of a rate-cut era?
Stay tuned for the full inflation report next weekâit could set the stage for major shifts in the market!
