Federal Reserve uses labor market to decide on rate cuts
Share link:In this post: Traders are hoping the Federal Reserve will cut interest rates in September, despite mixed inflation reports. The Fed is trying to control inflation and maintain employment at the same time, as with recent data showing a cooling labor market. Powell hinted that the next policy move is more likely to be a rate cut, but decisions will be made based on ongoing data.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made
Traders had a brief moment of excitement after Thursday’s Consumer Price Index (CPI) report, which showed that prices cooled more than expected in June. This triggered hopes that the Federal Reserve might still cut interest rates this year.
Even though the less popular Producer Price Index (PPI) on Friday was hotter than anticipated, traders remained hopeful. The chances for a rate cut in September are currently at 93.8%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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