Cooling CPI may dampen Fed rate hike bets after weak jobs report

worldjournal.com (Chinese)

A weak July jobs report reduced odds of a Fed rate hike in September, but upcoming CPI data on Aug. 12 may force traders to abandon rate-increase bets. Nonfarm payrolls unexpectedly fell, yet FedWatch showed 42% odds of a September hike and near-certainty of one by year-end. Economist Robin Brooks called this unjustified given cooling inflation. Analysts expect July CPI to slow to 3.4% overall and 2.5% core. Fundstrat's Tom Lee said cooler data could let the Fed hold rates, aiding stocks.


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Cooling CPI may dampen Fed rate hike bets after weak jobs report | News Minimalist