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 NYSE Resolves Software Glitch After Erroneous 99% Stock Drop Displays READ MORE Gold Price Tests $2,500 Levels READ MORE Stocks Face Mixed Start to June with Key Jobs Report Ahead READ MORE Gold Prices Rise on Fed Rate Cut Speculation Ahead of Key Meeting READ MORE U.S. Economic Growth Hits 3.2% in Q4, Marking Six Quarters of Sustained Expansion READ MORE Add a Comment Cancel replyYour email address will not be published.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