Morning Bid: US rate cuts in view after tame CPI report

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Morning Bid: US rate cuts in view after tame CPI report
Consumer Price IndexInflation ReportEmployment Data
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The prospect of looming U.S. rate cuts was back on the front burner after an inflation report, which had kept markets on edge ahead of its release, showed a ...

The prospect of looming U.S. rate cuts was back on the front burner after an inflation report, which had kept markets on edge ahead of its release, showed a tame reading.

That employment data also was a catalyst for a bout of severe volatility and equity downside to start August, but markets seemed to be moving further and further from those wild swings. Rate cuts were gripping other regions as well. New Zealand's central bank slashed its benchmark rate for the first time since March 2020 and flagged more cuts over coming months.Elsewhere, GDP data was expected on Thursday for Japan, as investors in the country were still digesting news that Prime Minister Fumio Kishida will step down in September.

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