Reading Into US' July CPI Data
Dollar Soft as Ebbing US Inflation Sets the Stage for Rate Cuts
Will July Retail Sales Confirm a Soft Landing -- or Fuel Recession Fears?
What Latest Inflation Data Says About How Much the Fed Will Cut Interest Rates
Stocks Rise as CPI 'Checks the Box' for Fed Cut
How does Wall Street view CPI? The increase in housing inflation will not hinder the trend of interest rate cuts, and traders are betting on a 25 basis point rate cut in September.
Wall Street analysts have indicated that the July CPI data may further pave the way for the Fed to lower interest rates by 25 basis points in September. Next, the Fed will focus on the labor market. If employment weakens, a larger cut of 50 basis points may be needed. Some analysts have said that although housing inflation has ceased its downward trend, it is not a major concern.
