📢 NEWS ALERT

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#CPIReport Aligns with Expectations, Fed Rate Cut Expected in September

According to #Odaily , Orion's Chief Investment Officer, Rusty Vanneman, reported that the latest Consumer Price Index (#cpi ) data met market expectations, with the year-over-year CPI slightly exceeding predictions, falling from an anticipated 3.0% to 2.9%.

🚀 This marks a slight improvement from last month's figure, which also stood at 3.0%.

With this week's inflation data, including the recent Producer Price Index (#PPI ) report, and the fact that short-term inflation expectations have reached multi-year lows based on market and survey data, the probability of a #FederalReserve rate cut in September remains high.

(🌐source: Odaily )