Inflation Spikes and Jobs Falter: Is the Fed Facing a Rate Cut Dilemma?
Inflation is on the rise once more, hitting 2.9% in August, as jobless claims hit a peak not seen since 2021, complicating the Fed's rate cut plans. The market is pricing in a 25 basis point cut despite economic concerns, allowing the S&P 500 to surge to record highs. Gold, though, is signaling caution, while AI-driven stocks like Adobe shine.