Headline CPI inflation increased 2.9% Y/Y, slowing from 3.0% in June. That is the lowest since March 2021
The July CPI Inflation report could give the Fed the confidence to begin laying out the carpet for a 25-basis point rate cut next month. $SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$
Investors hoping for a 50bps cut will be disappointed.
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