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Fed Faces High Bar for Big Cuts Despite White House Pressure
The Federal Reserve is poised to lower interest rates in September. But signs of stickier inflation could limit how much relief officials can ultimately provide to borrowers.
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fortune.com
Markets have convinced themselves they’ll get a September base rate cut. Now they’re eyeing a double reduction
Treasury Secretary Scott Bessent is pushing for 50 bps to offset missed opportunities earlier this summer, but some analysts warn that rising core inflation to 3.1% and upcoming…
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nytimes.com
Fed Faces High Bar for Big Cuts Despite White House Pressure
The Federal Reserve is poised to lower interest rates in September. But signs of stickier inflation could limit how much relief officials can ultimately provide to borrowers.