Experts Predict No Fed Rate Cut Next Week: What It Means
Fresh inflation data have made a September interest-rate cut by the Federal Reserve even harder to justify.
Economists predict that the Federal Reserve will either hold interest rates steady or raise them next week, after fresh inflation data made a September cut even less likely. The latest Producer Price Index (PPI) and Consumer Price Index (CPI) data show inflation remaining above the Fed's 2 percent target. Producer prices rose 0.4 percent in August, while consumer prices increased 0.4 percent.
Core inflation, which excludes volatile food and energy prices, rose more than expected in August. However, economists caution against treating these monthly reports as decisive, as they offer a broader trend in the economy.
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