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The Daily Upside

The Daily Upside

US Politics

US Politics

Just How Much Data Does the Fed Need to Cut Rates?

The Daily Upside
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81% Informative

Federal Reserve is expected to hold off on cutting interest rates when the monetary policy committee convenes again next week .

A Thursday report from the Bureau of Labor Statistics showed that the Producer Price Index , a closely watched inflation gauge that measures the prices paid to producers, rose just 0.1% in May .

The Consumer Price Index report on Wednesday also showed consumer prices increased 01% month-over-month in May and 2.4% year-over year .