Is inflation really peaking?
A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here.New York Are consumers growing more confident? We'll get those answers this week when the latest consumer and producer price indexes as well as retail sales figures for August all come out.
The numbers could change the calculus for the Federal Reserve, which is guaranteed to raise interest rates again at its next policy meeting on September 21. The question is, by how much?Traders are still predicting another three-quarters of a percentage point, or 75 basis point, hike, the third straight move of that size. And Fed chair Jerome Powell said last week that"the Fed has, and accepts, responsibility for price stability. We need to act right now.
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