Wu Blockchain (@WuBlockchain): The year-on-year slowdown in headline CPI in August was in line with expectations. The higher-than-expected monthly rate of core inflation was higher.…
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The year-on-year slowdown in headline CPI in August was in line with expectations. The higher-than-expected monthly rate of core inflation was higher. The data supports the Fed's 25 basis point rate cut next week and should rule out a larger 50 basis point rate cut.