Fed is about to get validation for its jumbo rate cut

The Federal Reserve’s preferred price metric and consumer demand data support the recent interest-rate cut and Chair Jerome Powell’s view of a strong economy. The personal consumption expenditures price index rose slightly in August, reflecting a slowdown in inflation. Investors will monitor upcoming Fed official remarks and various economic data releases. The Federal Reserve’s preferred price metric and consumer demand data support the recent interest-rate cut and Chair Jerome Powell’s view of a strong economy. The personal consumption expenditures price index rose slightly in August, reflecting a slowdown in inflation. Investors will monitor upcoming Fed official remarks and various economic data releases.  Economic Times