{"id":136215,"date":"2024-08-26T10:00:09","date_gmt":"2024-08-26T07:00:09","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136215"},"modified":"2024-08-26T01:58:53","modified_gmt":"2024-08-25T22:58:53","slug":"inflation-data-next-week-could-be-crucial-for-federal-reserve-rate-decision","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/inflation-data-next-week-could-be-crucial-for-federal-reserve-rate-decision\/","title":{"rendered":"Inflation Data Next Week Could Be Crucial for Federal Reserve Rate Decision"},"content":{"rendered":"<p>Economists are closely watching, as this data might push the Fed towards rate cuts.<\/p>\n<p>The core inflation gauge used by the Fed, which excludes volatile food and energy prices, is anticipated to show a 0.2% increase for July. This is the second month in a row that this modest rise is projected.<\/p>\n<p>Core inflation, when annualized over the past three months, is forecasted to drop to 2.1%. While this is still slightly above the Fed\u2019s target of 2%, it\u2019s close enough to spark speculation about potential rate reductions.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/september-rate-cut-powells-comments-raise-questions-amid-election-turmoil\/\" title=\"September Rate Cut? Powell\u2019s Comments Raise Questions Amid Election Turmoil\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/goldman-sachs-morgan-stanley-on-global-economy-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">September Rate Cut? Powell\u2019s Comments Raise Questions Amid Election Turmoil<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>In addition to inflation figures, consumer spending data will be in focus. Expected to rise by 0.5% in July, this increase is the largest seen in four months. Healthy consumer spending is a positive sign, indicating that the economy is not in trouble and is crucial for the Fed\u2019s economic strategy.<\/p>\n<p>Fed Chair Jerome Powell hinted at the Jackson Hole symposium that a policy shift might be on the horizon. He expressed increased confidence that inflation trends are heading in the right direction.<\/p>\n<p>With inflation concerns easing, the Fed is now turning its attention to the job market, balancing its dual focus on inflation and employment. Powell outlined that the Fed\u2019s immediate goals include stabilizing the economy and analyzing past policy challenges.<\/p>\n<p>Powell also acknowledged the limitations of their knowledge during the pandemic and stressed the need for continued learning from past experiences as the Fed prepares for its first detailed review since the inflationary spike during the pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week\u2019s release of new inflation data is expected to make waves, potentially influencing the Federal Reserve\u2019s decision on interest rates.<\/p>\n","protected":false},"author":3,"featured_media":94004,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[60],"tags":[],"class_list":["post-136215","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Inflation Data Next Week Could Be Crucial for Federal Reserve Rate Decision<\/title>\n<meta name=\"description\" content=\"This week\u2019s release of new inflation data is expected to make waves, potentially influencing the Federal Reserve\u2019s decision...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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