Fed May Open Door To Rate Cut
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Incoming U.S. inflation signals are offering the Federal Reserve little or no justification to resume interest rate cuts, and it's hard to see that changing before September.
The Bureau of Labor Statistics reported that the consumer price index (CPI), a popular inflation gauge, increased in June to 2.7% on an annual basis as prices rose for consumers.
With gold prices high and a new Fed meeting slated for this week, here's what investors should be considering now.
The U.S. central bank, to President Donald Trump's chagrin, will likely leave interest rates unchanged at a policy meeting this week, but that's not to say there won't be a vigorous debate, with one if not two Federal Reserve governors possibly casting a rare dissent in support of lower borrowing costs.
A sprawling $2.5 billion project to renovate the central bank’s headquarters in Washington has become the focal point of attacks from the Trump administration.
The Dow Jones Industrial Average traded lower Monday afternoon, nearing the session low, as investors awaited Big Tech earnings, the Federal Reserve's interest rate decision, inflation and jobs reports due later this week.
For background, contemplate a recent New York Times opinion piece by former Federal Reserve Chairs Ben Bernanke and Janet Yellen. While they’re no longer at the central bank, their ideas about inflation remain. And what they imagine inflation to be speaks to the real problem at the Fed.
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On 'Will Cain Show' Charlie Gasparino criticized Jerome Powell as Federal Reserve Chairman: LAWRENCE JONES: And there we have it, the president of the United States with the Fed chair right there in his element.