https://www.cnbc.com/2024/09/11/cpi-inflation-report-august-2024-.html
Consumer prices rose 0.2% in August with core inflation higher than expected
Looks like a 50 point rate cut is off the table now. See how the markets take it but inflation still hotter than thought. Rate cuts should be totally off the table but election coming so they will push for a 25 point cut? I guess the catch phrase might end up being " lets party like its the 1970's again"?
Inflation remains sticky and hotter than thought so cutting rates will help bring it down? Guess we going to do the "Time Warp Again"?:
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