CPI Data Influences September Rate Cut Prospects

According to BlockBeats, Wall Street Journal reporter Nick Timiraos, often referred to as the 'Fed's mouthpiece,' indicated that the threshold for a rate cut has shifted following the release of today's Consumer Price Index (CPI) data. The plan for a rate cut in September might be hindered due to the higher-than-expected CPI figures. Although July's CPI data was not indicative of 'no inflation,' it may still not be sufficient to prevent a rate cut in September.