Danske Bank: CPI is expected to rise moderately, and the Fed will pay close attention to inflation data

Odaily Odaily News Danske Bank predicts that the seasonally adjusted headline CPI and core CPI in the United States are expected to rise by 0.2% month-on-month. This is the second-to-last important data release before the next FOMC meeting in September, and the Federal Reserve will undoubtedly pay close attention to this data. Yesterday, due to the mild PPI data released, U.S. Treasury yields fell across the board and stocks rose, with the tech-heavy Nasdaq index leading the gains. The market's pricing for the upcoming September Fed meeting has also changed slightly, and the market currently believes that the probability of a 50 basis point rate cut in September is slightly higher than 25 basis points. However, it is worth noting that pricing has been very volatile recently due to the surge in recession concerns last week. (Jinshi)