KC Fed’s Schmid Cautious About September Rate Cut, Highlights Importance of Upcoming Data
KC Fed’s Schmid wary of September rate cut, notes ‘very consequential’ data in coming weeks Kansas City Fed president Jeffrey Schmid said on Thursday the August jobs report due out Sept. 5 will be “very consequential” in shaping the central bank’s next move. “I think the data coming between now and the September meeting is […]
July Inflation Data Leaves Economists Anxious
July inflation data has economists on edge Markets ended the week largely unfazed by a hotter wholesale inflation print and signs of firming consumer prices, but some economists warn the underlying story is more concerning than investors seem to believe. The Producer Price Index (PPI) for July surged to a three-year high, with services inflation […]
This Week’s Viewing Picks
What to watch this week Stocks are back near record highs, but a flurry of trade announcements, deals, and extensions kept investors on their toes last week. In the week ahead, a busier economic and earnings calendar will offer them more to chew on. Inflation data out Tuesday morning will set the economic agenda for […]