đ˘ NEWS ALERT
..........MUST READ..........
#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%.
đ 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.
(đsource: Odaily )