Will the Fed’s Focus Shift From Inflation to Jobs? | Presented by CME Group
1:14
YouTubeBloomberg Television
Will the Fed’s Focus Shift From Inflation to Jobs? | Presented by CME Group
With US inflation gradually moderating toward the Fed’s 2% target, markets are increasingly convinced the central bank will deliver a rate cut at its September meeting. However, the headline inflation rate conceals persistently high inflation in services, which employ over 70% of the US workforce. Will the Fed’s rate path now be driven by ...
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A shock monthly inflation result has dampened hopes of back-to-back interest rate cuts. 📱Download the 7NEWS app: 7news.link/7newsapp | 7NEWS Sydney
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