Author: Sebastian Montague

In anticipation of the Federal Reserve’s gathering in Jackson, Wyoming, commencing on Thursday, August 21, the discourse will predominantly orbit around inflation. Despite the mixed signals from recent updates on price levels, various indicators provoke thought regarding the advisability of reducing interest rates at the forthcoming policy assembly next month—an idea that has recently garnered widespread agreement. The recent data concerning the Consumer Price Index (CPI) has offered a gleam of hope for those with an optimistic view on the inflation trajectory. The CPI recorded a 2.7% rise in July compared to the same month the previous year, maintaining the…