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 […]
Recent Inflation and Jobs Data Raises Wall Street Worries About the US Economy
Latest inflation, jobs data sparks Wall Street concern over US economy Stocks have continued to notch record highs this year as investors bet on a resilient economy and minimal fallout from tariff-driven inflation. But last week, both assumptions came under pressure. It was a packed week for economic data, offering a more nuanced and, in […]