Traders hope that this week's CPI data will support the Federal Reserve in starting to cut interest rates at its next meeting in September.

avatar
ODAILY
08-12
This article is machine translated
Show original
Odaily Odaily News: Markets are looking to this week's U.S. Consumer Price Index (CPI) report, with traders hoping it will give the Fed the necessary ammunition to start cutting interest rates at its next meeting in September. Given that Powell may soon lay out a rate cut plan at the Jackson Hole Economic Symposium, traders question whether the market will move higher when he speaks than after inflation data is released. Powell's message later this month may help investors predict how many rate cuts there will be in the coming year, after he hinted in late July that policymakers may lower borrowing costs at the September meeting. (Jinshi)

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments