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Analysts: CPI data will not make the Fed cut interest rates by 50 basis points

Analysts said that while the monthly rate changes in headline and core CPI were in line with expectations, the actual index levels for both were slightly lower than expected, which helped push the headline CPI annual rate reading down to 2.9% from the expected 3.0%. This is the lowest level since March 2021. Housing inflation is again edging higher, up 0.4% this month compared to 0.2% in June, and overall super core services inflation (e.g., core services excluding housing...

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2024-08-14 12:58:25
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