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Analysts predict that the probability of a 50 basis points rate cut will increase, and tomorrow's CPI may also be weaker than expected.
BlockBeats News, September 10th - US financial website Investinglive analyst Adam Button stated that tomorrow the Consumer Price Index (CPI) report will be released. This is a strong signal, and the data may also be lower than expected, similar to today's PPI data, causing US stock index futures to rise. If the CPI result is below expectations—especially if it is significantly below expectations—the likelihood of a 50 basis point Fed rate cut will be higher. The Producer Price Index (PPI) excluding food and energy saw the largest monthly decline in the past 10 years. (FXStreet)
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