Yahoo Finance expects the Fed to cut interest rates by only 25 basis points next week, which disappoints Wall Street🐺.

Wall Street hopes for a 50 basis point rate cut.

Yahoo Finance expects the Fed to cut interest rates by only 25 basis points next week, which disappoints Wall Street🐺.

The latest inflation data is in line with expectations, and the Fed may cut interest rates by 25 basis points next week, which disappoints some Wall Street professionals who expected a larger cut of 50 basis points. The Consumer Price Index (CPI) rose 3.2%, the same as in July, and the rise in housing costs is one of the reasons for the higher inflation. Although the inflation rate has decreased, there is still stickiness in the inflation of the service industry. Fed officials have indicated that a 25 basis point rate cut is appropriate and further adjustments may be made based on the employment market.

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The latest inflation report keeps the Fed on track for a quarter-point rate cut. Wall Street isn't satisfied.

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