On September 11
As long as August data continues to show overall CPI hovering in the 3.2%–3.6% range, with core CPI remaining steady at 2.5%–2.7%, no matter how firm the talk may sound, the Fed is unlikely to raise rates in September. Maintaining the status quo is the best political and economic option with the least resistance.
As long as August data continues to show overall CPI hovering in the 3.2%–3.6% range, with core CPI remaining steady at 2.5%–2.7%, no matter how firm the talk may sound, the Fed is unlikely to raise rates in September. Maintaining the status quo is the best political and economic option with the least resistance.