Colby Smith Says August Inflation Will Be Key to Fed's September Rate Decision

According to Jin10, analyst Colby Smith said the main factor in deciding whether the Federal Reserve will raise rates later this month will not be the jobs report, but August inflation data. Fed Governor Christopher Waller essentially made the same point in a speech on Thursday, and the producer price index report, followed by the consumer price index report, will help Fed officials judge whether the recent two-month trend of easing inflationary pressure is continuing.