Upcoming U.S. Inflation Data: A Potential Game-Changer for Fed’s Interest Rate Polic 📉💸
📊 New U.S. inflation data is coming next week, and it’s creating a buzz.
💡 This data might push the Federal Reserve to consider cutting interest rates.
📈 The Fed’s key inflation measure, the personal consumption expenditures price index, is expected to rise by 0.2% in July for the second month in a row.
📉 The three-month annualized rate for core inflation is predicted to drop to 2.1%, close to the Fed’s target of 2%.
💸 Consumer spending is expected to rise by 0.5% in July, the strongest gain in four months.
🛍️ Solid consumer spending indicates the economy isn’t collapsing, which is crucial for the Fed.
🎙️ Fed Chair Jerome Powell, at the Jackson Hole symposium, expressed confidence that inflation is heading in the right direction.
🔄 The Fed is now focusing on the labor market as inflation cools down.
🎯 Powell’s goals: prevent the U.S. economy from sinking and understand past mistakes.
📚 The Fed is preparing for its first formal review since the pandemic’s inflation spike.
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