Fed Signals Imminent Rate Cuts as Inflation Progresses

Key economic indicators show inflation nearing target, boosting confidence in upcoming policy adjustments.

The Fed's preferred inflation measure is expected to rise 0.2% in July, aligning with the central bank's 2% target.
Consumer spending is projected to increase by 0.5%, the highest in four months, indicating economic resilience.
Fed Chair Jerome Powell's recent comments highlight a shift in focus towards labor market risks.
Upcoming revisions to the second-quarter GDP are anticipated to show stable growth at 2.8%.
Global economic updates include rate decisions from Canada, the Eurozone, and China.