Fed unlikely to cut rates next week, but may send clear signal on September cut

Fed unlikely to cut rates next week, but may send clear signal on September cut

Investing.com -- The Federal Reserve's meeting next week is expected to come to soon for rate cuts, but central bank will likely take the opportunity to set the stage for a September rate cut following more progress on inflation.

theFederal Reserve's preferred inflation gauge, rose 0.2% in June and 2.6% in the 12 months through June, compared with estimates for 0.2% and 2.5%, respectively. While inflation has been the key focus for the Fed since its rate-hiking cycle got underway more than two years, Macquarie has believes Powell's remarks around the weakening in the labor market will be key.

In recent weeks, the Fed has faced mounting calls to ditch its higher for longer stance or risk missing the soft landing.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Investingcom /  🏆 450. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fed and European Central Bank could cut interest rates in September, Morgan Stanley strategist saysThe U.S. Federal Reserve and European Central Bank could move to cut rates in September, a Morgan Stanley strategist said Friday.
Read more »

Pound Sterling rises against US Dollar as Fed likely cut rates in SeptemberThe Pound Sterling (GBP) performs strongly against its major peers in Monday’s London session.
Read more »

Wolfe increasingly convinced Fed will start cutting interest rates in SeptemberWolfe increasingly convinced Fed will start cutting interest rates in September
Read more »

Goldman says Fed on course to start cutting rates in SeptemberGoldman says Fed on course to start cutting rates in September
Read more »

Fed to hint in July that it plans to start cutting rates in September: EvercoreFed to hint in July that it plans to start cutting rates in September: Evercore
Read more »

10-Year Yield to Head Much Lower as Fed Gears Up for Cutting Rates in SeptemberBonds Analysis by James Picerno covering: United States 10-Year. Read James Picerno's latest article on Investing.com
Read more »