Breitbart Business Digest: Fed Is Still Not Cutting in September

Breitbart Business Digest: Fed Is Still Not Cutting in September


Rate Cut Party Time Breaks Out on Wall Street

One month’s worth of data does not make a trend—unless it fits the consensus narrative that the Fed is going to cut interest rates a few times this year.

Inflation in the U.S. eased slightly in April, the first retreat from rising price pressures in six months. After the alarming reports in the first quarter of this year, this was a welcome reprieve, but it should not be read as an all-clear signal for rate cuts.

The consumer price index rose by 0.3 percent, which was in line with expectations and below the 0.4 percent recorded in March. The decline in the pace of inflation is somewhat exaggerated by rounding. Unrounded, inflation came in

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