Fed’s key inflation gauges may offer path to rate cuts
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The US Federal Reserve's favored inflation yardsticks are expected to show minimal monthly advances, potentially paving the way for interest rate cuts. Economists project no change in the May personal consumption expenditures price index and a 0.1% gain in the core measure that excludes food and energy. The report is also expected to show 2.6% annual advances in both the overall and core gauges. Fed officials have stated that they need to see months of progress in inflation data before considering rate cuts. The labor market is still performing well, providing flexibility on the timing of rate cuts. Other upcoming data includes personal spending figures, consumer confidence, and housing contract signings. Central bank decisions in Sweden, Mexico, and Zimbabwe are also anticipated.

#UsFederalReserve #Inflation #InterestRates #Economy

https://theedgemalaysia.com/node/716418 

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