Modest Inflation Increase Won't Derail Fed's Easing Strategy The Federal Reserve is expected to proceed with an interest rate cut in September despite a modest pickup in US inflation for July. Economists anticipate the Consumer Price Index (CPI) to rise 0.2% from June for both headline and core figures, slightly accelerating from the previous month but still maintaining a downward trend in annual metrics. This slight increase is not seen as significant enough to deter the Fed from easing monetary policy, especially given recent signs of a slowing labor market. The July jobs report showed reduced hiring and rising unemployment, contributing to recession concerns. While some categories like core services may see increases, the continued slowdown in shelter costs is expected to help keep overall inflation in check. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Asian Gold Demand Surges Despite Near-Record Prices READ MORE Zimbabwe's ZiG: ZiG Used to Pay for 40% of Transactions READ MORE U.S. Strategizes Financial Blockade on Chinese Banks Over Russia Support READ MORE BRICS Nations' Gold Rush: Safeguarding Economies Against US Recession Fears READ MORE Treasury Traders Bet on 2024 Fed Rate Cuts READ MORE Add a Comment Cancel replyYour email address will not be published.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