TechFlow news, August 12 — According to Jinshi Data, Guy Lebas, chief fixed income strategist at Janney Montgomery Scott, said the July CPI was broadly in line with expectations and did not pass much of the tariff impact through to consumer prices, which certainly supports the likelihood of a rate cut in September. There is still some time before the next meeting, but at least regarding inflation data, the current situation is not concerning. As an independent and impartial economist, one can interpret these data in two ways: first, the full effect of tariffs has not yet materialized, so inflation could rise in the future; second, corporations are absorbing the tariff impacts and therefore not passing them on to consumer inflation. But in either case, it provides sufficient justification for the Fed to cut rates in September, provided next month's data does not show a significant acceleration.
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