Headline and core #PPI both rose 0.5%, far exceeding expectations of +0.3% and +0.2%.

Who said inflation would prevent cuts?

Employment deceleration continues, and if banks start to go bankrupt again, as the first Republican Party did a few weeks ago, they will cut back then.

If no cuts are made, next year they will pay 1.6 trillion to 1.7 trillion as interest on debts, and furthermore, this year is an election year.

No matter what kind of inflation we see, it is almost certain that interest rate cuts will take place this year.