Analyst: Inflation has not "worsened," market fully pricing in three rate cuts by year-end
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Analyst: Inflation has not "worsened," market fully pricing in three rate cuts by year-end
According to Jinshi Data, institutional analysts said the overall CPI monthly rate was slightly higher than expected. After the data release, yields across the U.S. Treasury market declined slightly, indicating the market viewed the data as not worsening—offering some relief. Federal Reserve Chair Powell has been focusing on the year-over-year figures for some time. The core CPI annual rate in August was 3.1%, unchanged from July and in line with expectations, suggesting inflation has not deteriorated further. The overall CPI annual rate rose to 2.9%, slightly above July's 2.7%. The report showed housing increased by 0.4% in August, the largest monthly gain among all categories. Food prices continued to rise, with the food index up 0.5% this month, the at-home food index up 0.6%, and the away-from-home food index rising 0.3%. This largely in-line report paves the way for a Fed rate cut next week, with markets now almost fully pricing in three rate cuts by year-end.
Navigating Web3 tides with focused insightsTechFlow news, September 11 — According to Jinshi Data, institutional analysts said the overall CPI monthly rate was slightly higher than expected. After the data release, yields across the U.S. Treasury market declined slightly, indicating that the market perceived the data as not worsening—providing some relief. Federal Reserve Chair Powell has been focusing on the year-on-year figures for some time. The core CPI annual rate in August was 3.1%, unchanged from July and in line with expectations, suggesting inflation has not deteriorated further. The overall CPI annual rate rose to 2.9%, slightly above July's 2.7%. The report showed housing costs increased by 0.4% in August, marking the largest monthly gain among all categories. Food prices continued to rise, with the food index up 0.5% this month, the at-home food index up 0.6%, and the away-from-home food index rising 0.3%. This largely as-expected report clears the path for the Fed’s rate cut next week, as markets have already almost fully priced in three rate cuts by year-end.
