Inflation fully "cooling"! US July CPI hits expectations perfectly, and the suspense over a September rate hike is basically gone!
Just released, the US July CPI data—whether headline or core—has all precisely landed right in the middle of what the market was expecting.
The impact on the market in one sentence: things are temporarily stable!
Rate-hike expectations cool down: The data didn’t beat expectations, and with the prior employment data already showing a slowdown, Wall Street generally believes the Federal Reserve won’t need to rush into another rate hike in September.
A reassurance for the market: Since inflation didn’t "blow up," the stock market will likely loosen its grip, and US Treasury yields and the dollar may also temporarily fail to hold up their recent highs.
In short, tonight’s data is basically telling the market: don’t panic—everything is following the script!
#CFTC命令Kalshi继续运营 #美国7月CPI与PPI数据本周出炉
Just released, the US July CPI data—whether headline or core—has all precisely landed right in the middle of what the market was expecting.
The impact on the market in one sentence: things are temporarily stable!
Rate-hike expectations cool down: The data didn’t beat expectations, and with the prior employment data already showing a slowdown, Wall Street generally believes the Federal Reserve won’t need to rush into another rate hike in September.
A reassurance for the market: Since inflation didn’t "blow up," the stock market will likely loosen its grip, and US Treasury yields and the dollar may also temporarily fail to hold up their recent highs.
In short, tonight’s data is basically telling the market: don’t panic—everything is following the script!
#CFTC命令Kalshi继续运营 #美国7月CPI与PPI数据本周出炉
