Its Over, page-22766

Investors will be keenly awaiting to hear what Fed chairman Jerome Powell has to say about the latest CPI data when he’s interviewed by David Rubenstein at the Economic Club of Washington on Monday (Tuesday AEST).
Goldman Sachs said: “This morning’s CPI report supports our view that normalising the funds rate is becoming reasonable, and we continue to expect the first cut in September.”

Janus Henderson’s John Kerschner, head of US securitised products, said the June data gives the Fed “the all clear sign to start lowering rates” later this year. The latest number reinforces Powell’s view the risks towards inflation are now more balanced, he said, “and perhaps now tilts the scale towards concerns of a sharper slowdown in the US economy”.

US inflation fell for June as traders ramp up rate cut bets.  US Bureau of Labour statistics