POPA Recon🚨 CPI COOLS — FED HOLD STILL FAVORED
🚨 CPI COOLS — FED HOLD STILL FAVORED JULY INFLATION SHOWED LITTLE CAUSE FOR ALARM: 🔸 HEADLINE CPI: +0.1% M/M | +3.4% Y/Y 🔸 CORE CPI: +0.2% M/M | +2.5% Y/Y 🔸 ENERGY: -1.5% PREDICTION MARKETS STILL FAVOR THE FED HOLDING RATES IN SEPTEMBER AT 68.2%, VERSUS 17% FOR A 25BP CUT AND 9.6% FOR A HIKE. FOR NOW, HOLD REMAINS THE BASE CASE. ...
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