CPI Report Sparks Fed Rate Cut Hopes as Inflation Slows to 2.9%

Publikováno: 14.8.2024

#Economics #CME futures #consumer price index #CPI report #economic forecast #Federal Reserve #financial strategy #inflation #market sentiment #Rate Cut #U.S. Central Bank

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CPI Report Sparks Fed Rate Cut Hopes as Inflation Slows to 2.9%

On Wednesday, the U.S. Bureau of Labor Statistics rolled out its latest consumer-price index (CPI) report, revealing a 2.9% increase over the past 12 months through July—falling just short of economists’ 3% forecast. This data nudged CME futures metrics upward, reflecting growing market sentiment that the latest BLS figures strengthen the case for a Federal […]