TechFlow news, on August 14, according to Jinshi Data, "Fed whisperer" Nick Timiraos wrote that July's CPI data has paved the way for a potential rate cut by the Federal Reserve at its next meeting. As the labor market shows signs of underlying weakness, the Fed's discussion at its September meeting will center on whether to cut rates by 25 or 50 basis points. Although the inflation figures released on Wednesday were relatively mild, rising housing costs could dampen market enthusiasm. Fed officials have indicated they are prepared to begin cutting rates next month, given several months of soft inflation readings.
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