Market Reviews
• Moderate U.S. inflation readings this week bolstered market confidence that the Fed will cut borrowing costs for the first time in four and a half years in September, but there remains debate over whether policymakers will opt for a broad cut of 50 basis points or a more standard cut. cut by a quarter point. However, minds can change quickly. The estimated probability of a 50 basis point cut fell to 36%, down from 50% just a day earlier, following a moderate but potentially sticky CPI reading. It rose to 71% earlier this month when surprisingly weak US employment data...
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