Central Banks
Wall Street Economists Are Looking at a September Rate Pause
- Falling used-car prices, moderating rents show less pressures
- Student loan repayment and potential shutdown will be watched
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Photographer: Al Drago/BloombergThis article is for subscribers only.
Federal Reserve Chair Jerome Powell has left the door open to another interest-rate hike, but Wall Street economists see the signs pointing in one direction ahead of the central bank’s September meeting: pause.
Policymakers in recent days have said they’re waiting on incoming data to guide their decision on whether to raise rates at the Fed’s next gathering. The latest surprisingly mild inflation reports, signs of moderating consumer spending and evidence of diminishing wage pressures have suggested there’s little urgency to raise rates next month.