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US Economy · United StatesThe likelihood of a Federal Reserve rate cut in September is now seen near 100% after new data showed US inflation increasing at a moderate pace in July and Treasury Secretary Scott Bessent said he thought an aggressive half-point cut was possible given recent weak employment numbers.See the Story
Fed cut seen near certain after inflation data, Bessent comments
48% Center coverage: 25 sources
Jerome Powell · JacksonMarkets are down slightly, taking a breather from a winning streak on hopes for a rate cut in September. At the moment, the Nasdaq is down about 45 points. The Dow is down about 19, with the S&P 500 down about eight points. The Federal Reserve will remain in focus this week, as central bank members meet in Jackson Hole, Wyoming for their annual symposium. Investors will be listening for any clues about the future path of interest rates. As noted…See the Story
Nasdaq Composite Live: All Eyes Are on Jackson Hole Symposium
60% Center coverage: 15 sources
Donald Trump · United StatesDollar Dips Amid Fed Rate Cut Speculation and Geopolitical Talks The dollar took a hit by the week's end, trading lower on Friday as anticipation grows for a potential Federal Reserve interest rate cut in September. Despite Thursday's rise fueled by unexpectedly strong U.S. producer prices, the dollar was still projected to close the week down 0.4% against major currencies.Market experts remain firm on their predictions for a rate cut, with the …See the Story
Dollar Dips Amid Fed Rate Cut Speculation and Geopolitical Talks
34% Center coverage: 6 sources
