THE FEDERAL RESERVE RELEASED AN INFLATION FORECAST FOR AUGUST AND THE FUTURE OF THE FOMC MEETING IS UNCERTAIN

The Federal Reserve has just released its August inflation forecast, which may expose the Federal Open Market Commission (FOMC) to uncertainty at its September meeting. According to the CME Group FedWatt tool, the potential for FOMC to raise 25 basis points is close to 55 per cent, while the possibility of maintaining interest rates at about 45 per cent. The September meeting of FOMC is scheduled to take place from 15 to 16, when inflation data for July and August will be received。