TechFlow news — Skyler Weinand, Chief Investment Officer at Regan Capital, said August's CPI was "in line with expectations, allowing the Federal Reserve to continue cutting rates at its September meeting, albeit by a smaller 25 basis points." He added that the data opens the door for the Fed to respond to rising unemployment.
Weinand expects the Fed to cut rates five to six times over the next year. The CME FedWatch Tool shows that after the inflation data release, the probability of a 25-basis-point rate cut by the Fed next week rose from 71% to 85%, while the likelihood of a 50-basis-point cut dropped from 29% to 15%.
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