Fed lowering rates supported by rising inflation and strong economy, with positive outlook on data.

From Yahoo Finance: 2024-09-22 02:14:12

The Federal Reserve’s preferred price metric and consumer demand support aggressive interest rate cuts, reflecting a strong economy. Economists project August inflation to rise by 0.1% and 2.3% from a year earlier, boosted by solid consumer spending growth. Fed policymakers are confident in lowering rates to avert job market deterioration. Data on new-home sales, GDP, jobless claims, and durable goods orders expected this week.

In Canada, weak GDP data predicted for the third quarter. Australia likely to keep cash rate target unchanged. Japan and China expected to release fresh inflation data. Four central bank decisions scheduled in Europe. Nigerian officials may pause tightening cycle. Brazil set to release central bank rate meeting minutes and quarterly inflation report.



Read more at Yahoo Finance: Fed Is About to Get Validation for Its Jumbo Rate Cut