Despite the near-end of high inflation, many Americans remain unhappy with the cost of living
The Fed is widely expected to announce a modest quarter-point cut in September
The downgraded estimate follows a jobs report for July that was much worse than expected
The central bank is poised to cut its benchmark interest rate next month from its 23-year high
Year-over-year inflation reached its lowest level in more than three years in July
If inflation continues to go down, a rate cut could be on the table in September: Powell
Monthly price rise of 0.1% seen as adding to likelihood of a September rate cut
While the U.S. labour market remains historically healthy, recent data suggest some weakening
Powell declined to provide any hints of when the first rate cut would occur
Latest data fuels speculation of interest rate cuts by the Federal Reserve