Capital Economics: The Fed is more likely to cut interest rates by 25 basis points next week
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Odaily Odaily News: After the US PPI and initial claims data exceeded expectations, Paul Ashworth, an analyst at Capital Economics, said: "The components of the PCE preferred by the Fed are generally weak, and the CPI data released yesterday indicate that the core PCE monthly rate will only rise slightly by 0.03%. It now seems more likely that the Fed will continue to cut interest rates by 25 basis points next week." At the same time, the number of initial jobless claims increased by 17,000 last week, the highest level since mid-October last year, while economists expected a decrease of 4,000 to 220,000. (Jinshi)
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