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Small US inflation pickup in July will do little to derail the Fed’s rate cut in September

SCMP LogoSCMP5h ago

Small US inflation pickup in July will do little to derail the Fed’s rate cut in September - SCMP

Quick Summary:

The recent easing of price pressures has bolstered Fed officials’ confidence that they can start to lower borrowing costs while refocusing their attention on the labour market.

In Sweden, data on Wednesday will show whether underlying inflation in the largest Nordic economy continued to slow in July.

Core inflation has slowed faster this year than officials forecast, but the energy-rich economy has also coped better than expected with the highest credit costs since 2008; wage pressures remain high and the labour market has softened only marginally.


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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-11 @ 11:46:43 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 1461 words

Reading Time: 9 minutes read

Sentences: 61 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22010514

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About SCMP

SCMP Logo

Main Topics: Business

Official Website: scmp.com

Update Frequency: 6 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 5 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

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The story "Small US inflation pickup in July will do little to derail the Fed’s rate cut in September" was covered 5 hours ago by SCMP, a news publisher based in Hong Kong.

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SCMP is a fully independent (privately-owned) news outlet established in 1903 that covers mostly business news.

The outlet is headquartered in Hong Kong and publishes an average of 6 news stories per day.

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  • URL: https://beamstart.com/news/small-us-inflation-pickup-in-17233491418863

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