Schmid: Inflation Close, But Rate Cut Uncertain Without More Data Federal Reserve Bank of Kansas City President Jeffrey Schmid expressed skepticism about a potential interest rate cut in September, despite market anticipation. Speaking at the Kansas Bankers Association meeting, Schmid noted that while inflation is nearing the Fed’s 2% target, it remains above this benchmark, and the labor market is still robust. He emphasized that future policy decisions will depend on economic data, highlighting the importance of a cautious approach given recent inflation shocks. Schmid also pointed out that the labor market’s cooling is necessary for easing inflation, and despite a recent rise in unemployment, indicators suggest continued economic resilience. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts BullionStar Perspectives – Rick Rule – Wisdom and Insights from Legendary Mining Investor READ MORE Oil's Surge: Algorithmic Buying Meets Geopolitical Tensions READ MORE Economists Predict Fed to Slash Rates Twice This Year, Reuters Survey Shows READ MORE Satellite Imagery Reveals Possible Oil Spill from Houthi-Attacked Tanker in Red Sea READ MORE Crude Oil Rally Continues: Third Weekly Gain as Middle East Tensions Escalate READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment