Markets are all in on predicting that the Federal Reserve will cut interest rates at the next policy meeting on Sep. 17. But there could be a wild card in the deck. A key macro question between now and then: Will the next two updates on consumer inflation persuade the Fed to leave rates unchanged – or perhaps raise rates?
Daily Archives: August 6, 2025
Macro Briefing: 6 August 2025
US services sector flatlined in July, based on the ISM Services Index. The survey-based profile of the sector, which dominates US economic activity, fell to a near-neutral reading last month. A competing survey, however, reported stronger activity for services: “Growth gained momentum in the US service sector during July,” according to the S&P Global US Services Index.
