Will US jobs data push the Fed into a deeper rate cut?

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Financial Times 13h ago

Will US jobs data push the Fed into a deeper rate cut? - Financial Times

Quick Summary:

Still, economic officials privately concede that much of the fall in inflation, which registered 75 per cent as recently as May, has been the result of last year’s very high baseline in prices.

However, consumer expectations remain unanchored, with a separate poll by Istanbul’s Koç University showing households expect inflation of 96 per cent at the end of 2024.

Turkey’s inflation rate is forecast to have fallen sharply in August, bolstering policymakers’ confidence that a broad economic reform programme is slowing runaway price growth.