Financial markets are closely watching the outcome of the Federal Reserve’s meeting next Tuesday and Wednesday, after the Fed kept interest rates unchanged in July within a range of 4.25% to 4.50%.
Fed Chair Jerome Powell hinted last month that weakness in the labor market, along with economic developments, could justify a rate cut in September, stressing the Fed’s commitment to its 2% inflation target.
The annual US inflation accelerated in August, reaching its highest level since January at 2.9%, after stabilizing at 2.7% in both June and July.
Financial markets are closely watching the outcome of the Federal Reserve’s meeting next Tuesday and Wednesday, after the Fed kept interest rates unchanged in July within a range of 4.25% to 4.50%.
Fed Chair Jerome Powell hinted last month that weakness in the labor market, along with economic developments, could justify a rate cut in September, stressing the Fed’s commitment to its 2% inflation target.
The annual US inflation accelerated in August, reaching its highest level since January at 2.9%, after stabilizing at 2.7% in both June and July.
