Capital Economics: The Federal Reserve is more likely to continue cutting interest rates by 25 basis points next week

CoinVoice has learned that, according to Jin Ten reports, after the US PPI and initial jobless claims data exceeded expectations, Capital Economics analyst Paul Ashworth stated: "The components of PCE favored by the Federal Reserve are generally weak, and combined with the CPI data released yesterday, it indicates that the core PCE month-on-month rate will only increase slightly by 0.03%.

It now appears that the Federal Reserve is more likely to continue cutting interest rates by 25 basis points next week." Meanwhile, 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. [Original link]