US Fed Reserve Chair Powell opens door to September rate cut

Powell’s comments open the door to a rate cut at the Fed’s September 16-17 meeting, but also put heavy weight on jobs and inflation reports that will be received before then. The next monthly jobs report comes on September 5, with data on consumer and producer prices due the week after.

That should be interesting, given that all further jobs reports will be pure propaganda, since Trump fired the BLS commissioner.

1 comments

Powell’s comments open the door to a rate cut at the Fed’s September 16-17 meeting, but also put heavy weight on jobs and inflation reports that will be received before then. The next monthly jobs report comes on September 5, with data on consumer and producer prices due the week after.
That should be interesting, given that all further jobs reports will be pure propaganda, since Trump fired the BLS commissioner.