August 15, 2024 at 03:26AM
The US CPI report from Wednesday, ICYMI:
Forexlive Americas FX news wrap: CPI continues to cool
Earlier:
JP Morgan says the Fed has a green light for a 50bp rate cut in Sep. Here’s the trigger.
Morgan Stanley flag potential 50bp Federal Open Market Committee (FOMC) Septembr rate cut
UBS weigh in:
The inflation data has been good enough to allow the Fed to start
cutting rates in September
But does not give them a reason to cut
aggressively
The decision whether to cut by 50 basis points instead of the
usual 25 bps may come down to the August labor report
Thursday’s retail sales data is another critical release
UBS says the main downside risk to their base case of a soft landing is a
pullback in consumer spending.
The US retail sales data for July is due at 0830 US Eastern time, 1230 GMT:
Retail sales m/m is expected at 0.3%, with the range of expectations spanning -0.1% to 0.9%
Ex-autos m/m is expected at 0.1%, range -0.4% to 0.4%
This article was written by Eamonn Sheridan at www.forexlive.com.