Inflation and Job Market Challenges Signal Caution for Fed Rate Cuts
TL;DR Summary
Inflation in the US rose to 2.9% in August, driven by higher gas, groceries, and airfares, while unemployment applications surged to a four-year high, creating a challenging scenario for the Federal Reserve, which is considering rate cuts despite persistent inflation and signs of a weakening job market, raising concerns about potential stagflation.
- Rising inflation and a deteriorating job market puts the Fed, and Americans, in a difficult spot AP News
- Morning Bid: Specter of stagflation clouds Fed cut optimism Reuters
- Paychecks, not prices, are now the bigger worry The Boston Globe
- The Coming Trump Stagflation The American Prospect
- The Fed Will Cut Rates Next Week. Thursday’s Consumer Inflation Reading Might Suggest It Shouldn’t. Barron's
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