Fed Chair Jerome Powell signals path to rate cuts
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Fed minutes from the July 30 meeting don't in general sound like they are setting us up for a rate cut. Market yields were up across the curve on the back of these minutes. Read more
Minutes from the Fed's July policy meeting revealed policymakers prioritized tariff-driven inflation risks over labor market concerns when keeping interest rates unchanged.
Mexico’s prices rose much less than expected earlier this month while the economy grew modestly in the second quarter according to data published Friday, raising odds of another interest rate cut in September.
The core index that omits energy and food costs also rose by 0.3% in June, but the annual rate ticked up to 2.8% from 2.7% and slightly above forecasts. Personal spending rose by 0.3%, below the 0.4% forecast but still suggesting consumers are willing to continue shopping.
11don MSN
Key inflation rate shows biggest rise in 6 months, CPI shows, but Fed rate cut still appears in play
A key measure of consumer prices in July posted the biggest increase in six months, suggesting inflation is showing some upward pressure from tariffs but perhaps not enough to deter the Federal Reserve from cutting interest rates soon.
After Thursday’s report, many Wall Street economists are projecting the personal-consumption expenditures price index likely rose by about 0.3% last month. That would push 12-month core PCE inflation up to 2.9% through July, up from 2.8% a month earlier—and farther away from the Fed’s 2% target.
Inflation held steady in July and ran slightly cooler than expected, increasing the odds of a Federal Reserve rate cut next month.
The Canadian dollar hit its lowest in almost three weeks against its U.S. counterpart on Tuesday as oil prices fell and cooler domestic inflation data raised expectations the Bank of Canada would cut interest rates in the coming months.
San Diego’s inflation rate was 4% in July — fueled primarily by rising prices for food, medical care and cars — making it highest in the nation.
3don MSN
Sharp rise in airfare and food costs pushed UK inflation higher in July, denting rate cut hopes
Higher food and airfare prices pushed U.K. inflation above expectations in July. The development has tempered market expectations that the Bank of England will cut interest rates again this year.
Inflation has direct and indirect effects on real estate, and on this real estate investment trust's business as a whole.