US Fed seen to keep rates on hold next week, to start cuts in September
The Straits Times - Business·2024-07-27 06:02
NEW YORK - US Federal Reserve policymakers on July 26 got fresh evidence of progress on their battle with inflation, fuelling expectations they will use their meeting next week to signal interest-rate cuts starting in September.
The personal consumption expenditures (PCE) price index edged up just 0.1 per cent in June, the Commerce Department’s Bureau of Economic Analysis reported.
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