Cooler inflation takes next Fed rate-hike size down to the wire
Cooler inflation takes next Fed rate-hike size down to the wire
Abstract
The consumer price index increased 8.5% from a year earlier, cooling from the 9.1% June advance that was the largest in four decades. Economists are divided on whether slower U.S. consumer-price growth for July means the Federal Reserve could ease its aggressive rate-hiking program, making 75 basis-point moves less definite. "Whether it's 50 or 75 in September is probably going to go down to the wire," says Derek Holt, an economist at Scotiabank.
You can contact us to get more choices
