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Fed microphone: July CPI may not be enough to prevent a rate cut in September
[Fed spokesperson: July CPI may not be enough to prevent rate cut in September] "Fed spokesperson" Nick Timiraos: After the release of the July employment report, the threshold for rate cuts has changed. Originally, if the CPI data were very high today, the plan for a rate cut in September might have been disrupted. The July CPI data is not "inflation-free," but its hotness may not be enough to prevent a rate cut in September.