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 Gold Tops $2,300 — Silver Reaches $27 READ MORE WAKE UP CALL: "There's Still Time To Prepare…BUT NOT LONG" – Mike Maloney READ MORE Gold Market ETF Demand Hits Two-Year Peak READ MORE Core PCE Inflation Rises 0.2% in April, Matching Forecasts READ MORE Safe-Haven Demand Drives Gold Closer to Peak Amid Middle East Unrest READ MORE Add a Comment Cancel replyYour email address will not be published.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