Agency: Federal Reserve to cut interest rates in September on the basic board DingTalk

Rusty Vanneman, chief investment officer at Orion, said today's CPI report was largely in line with expectations, with the headline CPI slightly better than expected year-on-year, falling to 2.9% from an expected 3.0%. Last month, the headline CPI was also 3.0%. Given this week's inflation data, including yesterday's PPI data, and market and survey-based short-term inflation expectations both falling to multi-year lows, the likelihood of a Fed rate cut in September remains strong.