Economics
Cooler Inflation Takes Next Fed Rate-Hike Size Down to the Wire
- Barclays’ Pond favors 50 basis-point move at next FOMC
- Scotiabank’s says its premature to judge September decision
The Marriner S. Eccles Federal Reserve building in Washington, D.C.
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
Economists are divided on whether slower US consumer-price growth for July means the Federal Reserve could ease its aggressive rate-hiking program, making 75 basis-point moves less definite.
The consumer price index increased 8.5% from a year earlier, cooling from the 9.1% June advance that was the largest in four decades, Labor Department data showed Wednesday. Prices were unchanged from the prior month.