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 Fed's Dilemma: Is a Quarter-Point Cut Enough to Stave Off Recession? READ MORE Silver Breakout Confirmed READ MORE Sticker Shock: Buying a Car in the US is More Expensive Than Ever READ MORE Fed's Current Economic Outlook and the Latest Rate Cut Speculations READ MORE Oil Prices Climb Amid Favorable Market Conditions and Supply Concerns READ MORE Add a Comment Cancel replyYour email address will not be published.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