Wu Blockchain (@WuBlockchain): WSJ reporter Nick Timiraos said that the August inflation data paves the way for the Federal Reserve to gradually cut interest rates next week, but a…
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WSJ reporter Nick Timiraos said that the August inflation data paves the way for the Federal Reserve to gradually cut interest rates next week, but a large 50 bps cut is not expected. While the easing of inflation provides a respite for burdened households, the labor market is…