INFLATION data will dominate this week’s headlines. CPI data will be released Tuesday morning. Economists expect headline CPI to come in at 8.1% over the prior year. On a month-over-month basis, CPI is expected to show prices have eased by .1% If realized, this would be the first monthly decline since May of 2020!
Markets are now pricing in a 70% likelihood of a 75-bps hike in September, followed by a 50-bps hike in November and a 25-bps hike in December, bringing the year-end Fed funds rate range to 3.75-4.00%.
As you celebrate Labor Day and the start of Fall, keep your own work-life balance in check with these tips.
It feels like the market is playing the children's game “Red Light, Green Light” with the Fed. Equity markets were running up too fast, and Jerome Powell sent them back.
This article details the top three provisions in the Inflation Reduction Act that the average American will benefit from the most.
The Biden administration announced student loan forgiveness.