Fed Is About to Get Validation for Its Jumbo Rate Cut
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Fed Is About to Get Validation for Its Jumbo Rate Cut

Switzerland, Sweden seen cutting rates, Australia to hold OECD is set to publish new economic forecasts on Wednesday

The Federal Reserve’s preferred price metric and a snapshot of consumer demand are seen corroborating both the central bank’s aggressive interest-rate cut and Chair Jerome Powell’s view that the economy remains strong.

Economists see the personal consumption expenditures price index rising just 0.1% in August for the second time in three months. The inflation gauge probably climbed 2.3% from a year earlier, the smallest annual gain since early 2021 and a shade higher than the central bank’s 2% goal.