Wednesday’s CPI could be the deciding factor
Wednesday’s CPI could be the deciding factor: Tom Essaye Quoted in Morningstar
CPI inflation report could push Fed to make an even bigger rate cut in September
“Wednesday’s CPI could be the deciding factor in whether the Fed decides to cut 50 bps [next] week or 25 bps,” said Tom Essaye, founder of Sevens Report Research, in a Monday note. “Broadly speaking, the weaker this number, the better for markets and the greater the chance the Fed does cut 50 bps. And regardless of recent growth data, the market will generally welcome the bigger expected rate cut.”
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