The S&P 500 is facing the Gen AI bubble burst, and the market needs the Fed to cut by 50 basis points to delay the selloff. The August CPI report is likely to support a 25 basis points cut.
CPI in focus "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.
August CPI data could sway Fed's decision between 25 or 50 basis point rate cut at next week's meeting. Economists expect 0.2% rise in August CPI. Year-over-year inflation rate projected to drop ...
But it’s not nearly enough to dissuade the Fed from cutting interest rates,” says Preston Caldwell, Morningstar’s chief US economist. CPI rose 0.2% for the month, as it did in July.
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