The Fed's Breathing Room: A Moment of Reprieve or a Temporary Truce? The Federal Reserve's ongoing battle against inflation has been marked by close calls and uncertain outcomes.
However, the July inflation report may offer policymakers some much needed respite. Expectations are high for a modest 0. 1% increase in prices on the all items headline number and 0. 2% for the core reading.
These numbers, while still above the Fed's 2% goal, represent a slight slowing of inflationary pressures compared to previous months.