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    Home»News»Business

    Good News is Finally Good News: Economic Outlook Brightens as Inflation Cools

    June 15, 2024 Business No Comments1 Min Read
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    This week, a series of positive economic indicators provided good news without the usual downside of delaying Federal Reserve rate cuts. Key inflation measures revealed a more significant cooling of prices than anticipated, along with improved financial outlooks and lower inflation expectations among Americans. Import prices in the US also dropped sharply, further supporting the trend towards disinflation.

    Economist Joe Brusuelas noted, “What we saw in the data is a reaffirmation of the idea that the economy, hiring, inflation are all cooling, which should create the conditions later this year for the Federal Reserve to relax their restrictive policy rate.” This shift may lead to lower long-term interest rates and reduced financing costs for consumers.

    Market expectations for rate cuts in September increased following the release of inflation data indicating a slower pace of price growth. Despite the Fed’s decision to hold rates steady, analysts suggest that future cuts may be necessary as inflation continues to cool. Forecasts indicate that upcoming reports, such as retail sales and the Personal Consumption Expenditures index, could further support the case for rate cuts in the near future.

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