Inflation measures how fast prices are rising for goods and services — anything from concert tickets and haircuts to groceries and furniture. Policymakers aim for a roughly 2% annual inflation target.
The unemployment of 4.3% for July is indicating the further deterioration of labor market, also signaling the lagging impact of tightening monetary policy. On the flip side, in terms of the perchasing power of consumer, an uptick in sausage demand can offer the lastest sign of consumers tightening their belts as they continue grappling with high prices.
In recent months, The Fed has been repeatedly reinforced the point that they need more confidence in terms of the progress on inflation before they take action to cut rates. This viewpoints has raised many concerns among economists and investors. Some economists argue that holding rates too high for too long could jeopardize economic activity, undoing the progress they have made in terms of creating good paying jobs.
When the Federal Reserve speaks, the market listens. Throughout 2024, investors eagerly have been following the Fed conference for signals around interest rates cuts.
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