On August 11 (UTC+8), the U.S. July CPI data will be released on August 12 at 20:30. If the data shows a cooling in inflation, it may solidify expectations for the Fed to drop interest rates in September. However, if there are signs that Trump's tariffs are exacerbating price rises, the Fed may temporarily maintain interest rates. Francesco Pesole, a forex strategist at ING, stated that ahead of tomorrow's data release, it is important to note that the threshold for a hawkish surprise from the Fed has become higher. Given the deterioration in the labor market, if the core CPI month-on-month is expected to record 0.3%, it will provide the Fed with room to drop interest rates.

TRUMP-5.52%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)