The latest Consumer Price Index (CPI) reading came in line with economist expectations for August, with prices rising 0.2% month-over-month and 2.5% year...
This inflation print comes ahead of the Federal Reserve 's September FOMC meeting next week, where it is widely anticipated the central bank will begin to cut interest rates.
And Jennifer in your notes to us, you say that's the big question whether or not it's gonna be 25 or 50.And thank you for having me on and I would say it totally solidified a 25 basis points, uh, cut. And for everyone who's asking for a 50 basis point cut, I think they should really reconsider um The amount of vol that would cause in short term funding markets, it's just not something the Fed wants to risk and even the biggest stuffs have signaled, you know, it's a labor market that's cooling.
We are seeing futures under a bit of pressure here following the hotter than expected uh core reading on that month, over month basis when, when we talk about the odds may be increasing slightly here for the fed then to go 25 basis points next week.
Core CPI Federal Reserve Eric Wallerstein BMO Capital Markets Consumer Price Index
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