From Investing.com: 2024-07-11 10:05:50

Investment banking firms predict Federal Reserve will lower interest rates in September due to weak CPI report. June data shows 0.06% increase in core inflation, indicating a decrease in inflation pace. Housing services inflation eases, supporting view of reduced inflationary pressure. Fed may cut rates in September and December to combat slowing inflation. Labor market cooling, bringing risks of wage-driven inflation and higher unemployment into focus. Fed expected to signal rate cut in September at July meeting.



Read more at Investing.com: Wall Street reacts to a soft CPI print By Investing.com