Fed hält weiter an Zinssenkungskurs fest - US-Kerninflation verharrt bei 2,9%

Die US-Notenbank setzt ihren geldpolitischen Lockerkurs unvermindert fort. Trotz stagnierender Kerninflationsdaten plant die Fed weitere Zinssenkungen - ein klares Signal für fortgesetzte Liquiditätsspritzen.

Inflationsdynamik unter der Lupe

Die Kerninflationsrate von 2,9% zeigt hartnäckige Preisstabilität oberhalb des Fed-Ziels. Doch die Währungshüter ignorieren konventionelle Wirtschaftslogik und drücken auf die monetäre Tube.

Krypto-Markt reagiert erwartungsvoll

Traditionelle Finanzstrategen kratzen sich verwundert am Kopf, während digitale Asset-Anleger die zusätzliche Liquidität bereits einpreisen. Die Fed spielt weiterhin das Spiel der billigen Geldes - als ob 2008 nie passiert wäre.

Die geldpolitische Kehrtwende bestätigt, was Krypto-Pioniere seit Jahren predigen: Das alte Finanzsystem tanzt nach beliebig veränderbaren Regeln. Während sich die Zentralbanker in wirtschaftspolitischen Widersprüchen verheddern, bietet Bitcoin klare Spielregeln.

Fed sticks to rate-cut path despite stubborn inflation

Even with inflation still above the Fed’s 2% goal, officials aren’t switching gears. Last week, policymakers signaled they’re expecting two more quarter-point rate cuts by the end of the year. The first one already happened.

The Federal Open Market Committee approved it just last week, dropping the federal funds rate to a new target range of 4% to 4.25%. Markets are already pricing in another MOVE for October, but a December cut is still up in the air.

As inflation refuses to cool off fully, spending and income data are also showing signs of strength. Personal income jumped 0.4% in August, while consumer spending rose even faster at 0.6%. Both of those beat estimates by 0.1 percentage point, showing that Americans are still throwing cash around—even with higher prices.

The data also puts a spotlight back on Donald Trump’s tariffs. Despite earlier fears, they haven’t done much to push up prices. A lot of firms loaded up on goods before the tariffs kicked in, while others just ate the cost. It worked. Consumer prices haven’t spiked the way people thought they would.

Fed Chair Jerome Powell and other officials aren’t stressing over the tariffs much. “They’re likely just a one-time bump in prices,” Powell said. But some people at the Fed still aren’t buying that. A few are worried there’s not much space left to keep cutting rates without real risk.

Still, the consumer seems fine. Even with tariffs in place, people are spending like normal. Rising incomes are helping. That’s likely giving the Fed some cover to stay on its current course.

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