JPMorgan Chase: August CPI report may be an important determinant of the Fed's rate cut

Odaily Odaily News: Elyse Ausenbaugh, head of investment strategy at JPMorgan Wealth Management in New York, and Emily Roland, co-chief investment strategist at John Hancock Investment Management, and others suggested that the August CPI report could be an important determinant. Keith Buchanan, a senior portfolio manager at Global Investments, which manages $2.5 billion in assets, said the August CPI report "will confirm or deny expectations of a 50 basis point rate cut, which would be the largest rate cut in a long time. As inflation falls, interest rates become increasingly restrictive, so a 50 basis point cut in the target rate will not necessarily shift policy completely to an accommodative stance." (Jinshi)