US inflation “modestly firmer” in July still supportive of a Fed rate cut in September

August 8, 2024
-FCHFX

August 08, 2024 at 10:57PM
US CPI data is due on Wednesday August 14 at 0830 US Eastern time:

Via Bank of America economists, they expect that U.S. inflation in July will show a slight uptick. Nevertheless, it’ll remain supportive of a potential Fed rate cut in September.

BoA notes that June’s CPI figures came in lower than anticipated

expects some of that softness to reverse in July

BofA sees the Fed cutting rates by 50 basis points this year.

This article was written by Eamonn Sheridan at www.forexlive.com.

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