The Fed’s Preferred Inflation Gauge is on track for September rate cuts.

The Good News: The Fed’s Preferred Inflation Gauge is on track for September Rate Cuts!

*6:30 PM GLOBAL UPDATE:*
# GIFT Nifty 🇮🇳: (+10, 25402)
# Dow Futures: (+44, 41378)
# Nasdaq 100 Futures (+137, 19460)

The Federal Reserve’s preferred gauge to measure underlying inflation held steady last month, with core prices rising 2.6% and the headline index up 2.5% in a report that is likely to cement the case for a September rate cut.

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The Fed’s Preferred Inflation Gauge is on track for September rate cuts.

 

*Disclaimer:* This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

 

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