Analyst: The reason for a 50 basis point cut in September is very clear
The CPI in July rose 0.2% month-on-month as expected, and the yield on US bonds increased, with the core CPI also rising 0.2% month-on-month. The year-on-year CPI rose by 2.9%, while it was expected to be 3%. Today's report indicates that inflation is still under control. The current focus of debate is the extent to which the Federal Reserve may cut interest rates. Nigel Green, an analyst at deVere Group, stated that there are clear reasons for a significant rate cut of 50 basis points in September. This will send out a strong signal indicating that the Federal Reserve is serious about steering the U.S economy away from the edge of recession.
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