Fed gets good news on inflation as data bolsters case for September rate cut

Quick Summary:

US Federal Reserve policymakers on Friday (Jul 26) got fresh evidence of progress on inflation, fuelling expectations they will use their meeting next week to signal they could start cutting borrowing costs in September.

The personal consumption expenditures (PCE) price index edged up just 0.

The unemployment rate, at 4.1 per cent, is still low by historical standards but has risen in recent months, and job growth has slowed.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Inflation Last Prices Policy Policymakers Friday Data Federal Rate Cent Month

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-26 @ 22:43:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 534 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 30 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 21785400

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Main Topics: EconomyBusiness

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