Fed committee member 'loosens lips': 'holds an open attitude' towards rate cut in September, can't risk relaxing policy too late
FOMC voter and President of Atlanta Federal Reserve, Bostic, stated that action must be taken as soon as possible considering the continuing cooling of the labor market and the lagging of central bank policy. It is worth noting that just the day before this statement, Bostic reaffirmed his position of rate cuts at the end of the year.
FTSE 100 Seen Opening Higher as Inflation Data Fuels Rate-Cut Bets -- Market Talk
The market in a rush and the cool CPI.
Something that is already within expectations may no longer be the key. With inflation steadily entering a downward trend, the market's focus may gradually shift to the basis for the Federal Reserve's assessment of the economic situation.
Reading Into US' July CPI Data
US Stock Futures Tick Higher After Softer-than-expected CPI Data
Dollar Soft as Ebbing US Inflation Sets the Stage for Rate Cuts
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