With a cooling labor market narrative emerging, investor focus will shift back to inflation for signs that a September interest rate cut remains likely for the Federal Reserve.
(Bloomberg) -- Jerome Powell is likely to tell lawmakers that Federal Reserve officials need further confirmation inflation is slowing before they’re in a position to cut interest rates, even with evidence building of softer growth and employment.Most Read from BloombergBiden Narrows Gap With Trump in Swing States Despite Debate LossLe Pen Party Seeks Major French Election Win: What to WatchSingapore Is Making Life Tougher for Global TalentBiden’s Defiant Interview Is Unlikely to Calm NervesIran
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