The Fed's upcoming interest rate decision and employment data are under the microscope

According to BlockBeats, the Fed is scheduled to announce its interest rate decision next Thursday, followed by a monetary policy press conference from Fed Chairman Jerome Powell. In addition, the latest non-farm payrolls data will be released on Friday, which could be crucial in determining whether the Fed goes ahead with a rate cut in September as expected. Recent statements from the Federal Reserve indicate growing confidence in achieving inflation targets. The market largely believes the Fed is unlikely to announce any policy changes at next week's meeting. Earlier, some speculated about the possibility of lower interest rates, but this possibility diminished after the release of better-than-expected second-quarter GDP data from the United States.

The US Bureau of Economic Analysis reported that the personal consumption expenditures (PCE) price index for June rose just 0.1% on the month and 2.5% on the year. The core PCE price index, which excludes volatile food and energy prices, rose 0.2% on a monthly basis, which is slightly higher than market expectations