Calm inflation reading keeps the door open at Fed for September rate cut
Calm inflation reading keeps the door open at Fed for September rate cut
finance.yahoo.com Calm inflation reading keeps the door open at Fed for September rate cut
The Fed’s preferred inflation gauge had its slowest annual increase in more than three years, likely getting policy makers closer to the conviction needed to ease monetary policy.
Looks like inflation is around 2.6% and holding steady/falling slowly.
This is good news for the stock market and could impact elections in November since we'll likely see a rally if rates do get cut in Sept.