BREAKING: September pause odds just jumped to 64%, up from just 30% a month ago.
The shift happened fast. A week ago, odds were just 45%.
This lines up exactly with today's cooler CPI print. Headline inflation rose just 0.1% in July and slowed to 3.4% year over year, down from 3.5% in June.
Core CPI came in at 0.2% on the month, with annual core cooling to 2.5%, the lowest since February.
Falling energy prices were a major reason for the slowdown, with gasoline prices down 2.9% from the previous month.
Services inflation also cooled to 3.0% year over year.
Combined with this week’s weak jobs data, the latest numbers are pushing markets further away from a rate hike and toward a hold.
A month ago, markets leaned toward a hike. Today they're leaning the other way. A real shift in just four weeks.$SOL
$ETH
$BNB
#USJulyCPI&PPIDueThisWeek
The shift happened fast. A week ago, odds were just 45%.
This lines up exactly with today's cooler CPI print. Headline inflation rose just 0.1% in July and slowed to 3.4% year over year, down from 3.5% in June.
Core CPI came in at 0.2% on the month, with annual core cooling to 2.5%, the lowest since February.
Falling energy prices were a major reason for the slowdown, with gasoline prices down 2.9% from the previous month.
Services inflation also cooled to 3.0% year over year.
Combined with this week’s weak jobs data, the latest numbers are pushing markets further away from a rate hike and toward a hold.
A month ago, markets leaned toward a hike. Today they're leaning the other way. A real shift in just four weeks.$SOL
$ETH
$BNB
#USJulyCPI&PPIDueThisWeek