👉 The #FOMC is set to decide on interest rates.

👉 In the last meeting in July, rates were raised by 25 bps, reaching a level between 5.25% and 5.5%, a near 22-year high

Current Economic Situation:

👉 Inflation data: Annual inflation rate has risen to 3.7% in August from 3.2% in July.

👉 Unemployment: Increased from 3.5% to 3.8% in August.

👉 Many experts predict that the Fed will pause on rate hikes in September, waiting for more data.

👉 There’s anticipation of a rate increase in the November #FOMC meeting.

Why Pause is Likely:

👉 Inflation and job market have both shown a steady slowdown, giving the Fed a buffer to wait for more data.

👉 Fed officials, like Christopher Waller, have indicated comfort with current rates, suggesting no urgent need for change.

👉 The last time rates were held steady was in June, during uncertainties about the spring banking crisis.