US Fed likely to start long-awaited interest-rate cuts from Sep 17 meet

Quick Summary:

Traders now see just a 15 per cent chance of a half-point rate cut at the Fed's Sept.

Economists look at so-called core inflation to get a sense of the trajectory of prices.

Shelter costs, where gains had been moderating in recent months, accelerated year-over-year for the first time since March 2023.

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Article Details

Category: BusinessFinance

Markets: India

Topics: US Fed US Federal reserve US interest rates US economy US Inflation

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-11 @ 21:30:22 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 403 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 22461168

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