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2024-09-11 14:18:15

Ghost of Truth on Nostr: Markets Recalibrate as Inflation Tempers Rate Cut Hopes Investor sentiment has ...

Markets Recalibrate as Inflation Tempers Rate Cut Hopes

Investor sentiment has shifted sharply following a hotter-than-anticipated inflation report. Despite headline CPI easing to 2.5% in August from 2.9% in July, core inflation held steady at 3.2% year-over-year, as forecasted. However, the monthly rise of 0.3% in core CPI—surpassing the expected 0.2%—triggered a reevaluation of market expectations. Traders now project a more modest 29-basis-point cut from the Federal Reserve next week, down from earlier hopes for a 50bp cut.

#InflationWatch #FedPolicy #InterestRates #CPI #FinancialMarkets #Economy #Investing #MonetaryPolicy

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