news

the federal reserve’s mouthpiece has “set the tone” for a 25 basis point rate cut next week and two more meetings this year. what are your expectations?

2024-09-12

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

cailianshe news, september 12 (editor: shi zhengcheng)with u.s. cpi data exceeding expectations on wednesday, speculation about the extent of the federal reserve's interest rate cut next week is close to being settled.

at a time when fed officials were collectively silent, nick timiraos, a well-known macro journalist known as the "fed's mouthpiece," wrote on wednesday that the continued weakening trend of inflation is a good opportunity for the fed to start next week.gradually reduceinterest rates paved the way, but an unexpected rise in housing inflation has officials worriedit is difficult to push for a larger rate cut

(source: x)

to briefly summarize the us cpi in august: nominal cpi rose 0.2% month-on-month and 2.5% year-on-year, both in line with expectations; the biggest problem was the core cpi, which increased by 0.3% month-on-month (actually 0.281%) driven by housing costs, higher than the market's general expectation of 0.2%; the core cpi annual rate was 3.2%, in line with expectations.

unlike the nominal cpi, which fell to its lowest level since february 2021, the core cpi fell significantly more slowly.the core cpi month-on-month data has risen for 51 consecutive months, which is also a new record in us history.