Funding & Business
Fed Is Set for Contentious Debate as Investors Eye Fall Rate Cut
Federal Reserve officials are determined to hold interest rates steady a little while longer, though an increasingly contentious debate at this week’s policy meeting may bolster expectations for rate cuts in the fall.
Fed Chair Jerome Powell is under intense pressure from President Donald Trump and his allies to reduce borrowing costs, and may face multiple dissents this week from officials who want to provide support to a slowing labor market.
Treasuries rose after a fresh reading on wholesale inflation came in weaker than expected, cementing bets on interest-rate cuts.
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Jim Zelter, president at Apollo Global Management, says the US economy has “legacy inflation issues” and that companies are having a challenging time passing that on to consumers. (Source: Bloomberg)
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