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US soft landing hopes increase as Fed's preferred inflation measure holds steady at 2.5% in July
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investmentweek.co.ukSimilarly, core PCE – which excludes food and energy prices – was 2.6%, remaining unchanged for the third month in a row. The latest figures released today (30 August) signalled more accommodating conditions for a potential Fed rate cut in September, which markets are widely anticipating. US inflation dips below 3% for the first time since 2021 The central bank's chair Jerome Powell said «the time has come for policy to adjust» last week at the Jackson Hole summit, confirming markets' current expectations. Greg Wilensky, head of US fixed income at Janus Henderson, said PCE infla...
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