Economists increasingly expect US Inflation to keep cooling as Federal Reserve looks to rate cut

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Economists increasingly expect US Inflation to keep cooling as Federal Reserve looks to rate cut

The runway toward a Federal Reserve interest-rate cut will come more into focus in the coming week amid fresh signs inflation is abating and economic activity is simmering down.

Economists expect the personal consumption expenditures price index ****** food and energy — due on Friday — to have risen 0.1 per cent in June for a second straight month. That would bring three-month annualized core inflation down to the slowest pace this year, and below the Fed’s 2 per cent target.

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