🔥 CPI 🇺🇸
➡️ CPI: This month = 2.4% Estimate = 2.3% Last month = 2.5%
➡️ Core CPI: This month = 3.3% Estimate = 3.2% Last month = 3.2%
The market’s initial reaction to the 0.5% interest rate cut is positive. Although the CPI is 0.1% higher than expected, it hasn’t spiked dramatically. Another interest rate cut is likely to follow.