Fed Rate Cuts IMMINENT? PPI Drops! | Inflation Cooling NOW
Did deflation just open the door for the Fed to cut rates? The Producer Price Index surprisingly fell 0.1% in August, signaling cooling inflation. Moreover, experts like Chris Larkin at E-Trade suggest this could pave the way for a rate cut next week. However, the true impact hinges on tomorrow's Consumer Price Index report, which has analysts like David Russell at TradeStation eagerly anticipating its release. Ultimately, Citigroup's Andrew Hollenhorst sees this as further confirmation of the Fed's likely course towards rate cuts. Subscribe now for more crucial market updates.
Tags/Hashtags: #ppi #inflation #deflation #fed #cpi #economy #tradestation #citigroup
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