
Weekly Highlights
8/16/24: Inflation Data Supports Fed Rate Cut in September
Inflation data this week should provide more support for the Federal Reserve to cut rates at the September meeting.

Inflation data this week should provide more support for the Federal Reserve to cut rates at the September meeting.

Following last week’s weak employment report, financial market volatility continued, driven by persistent economic concerns, central bank actions, and global market reactions.

In addition to this week’s Fed meeting, market participants were primarily focused on the significant amount of labor market data released this week.