Michael Brown: Lower-than-expected PPI has no impact on the Federal Reserve's rate cut decision
According to ChainCatcher, citing Golden Ten Data, Michael Brown, Senior Research Strategist at Pepperstone, stated that the lower-than-expected US PPI data has no impact on the Federal Open Market Committee (FOMC) decision, and a 25 basis point rate cut next Wednesday is already a certainty. He added that money market pricing shows a slight probability of a 50 basis point rate cut, and if the CPI data is also weak, this expectation may further intensify.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bubblemaps: The MYX team is directly linked to a $170 million airdrop wallet
Today, US Bitcoin ETF net inflow is 6,324 BTC, and Ethereum ETF net inflow is 32,292 ETH.
Tony Welch: Rising Initial Jobless Claims Indicate a Weakening Labor Market
Trending news
MoreCrypto prices
More








