“powell” is expected to cut interest rate again despite strong spending"
Economists believe that “powell” will cut interest rate again,as an insurance against global decline next month.
Data came out in july suggesting that Retail sales rose by the most in the past four months.
Although manufacturing output decreased in the month,two regional Fed indexes grew beyond expectations in August.
The argue is about whether Fed will cut interest rate by 25% or 50% in September?!
“powell” may give a hint about his thinking in his speech on annual central banks retreat on August 23thrd.the speech topic is “challenges of monetary policy”.