ECB expected to cut rates again, US CPI will determine size of Fed cut

From Investing.com: 2024-09-06 08:39:00

The European Central Bank is expected to cut rates for the second time due to weakening economic growth and declining inflation. President Christine Lagarde may signal further cuts ahead, although recent upticks in services CPI may lead to caution. The US CPI report will play a crucial role in determining whether the Federal Reserve opts for a 25-bps or 50-bps cut in September. The UK economy’s strong performance may prompt the Bank of England to keep rates on hold, but upcoming data releases, including employment and GDP numbers, could change the outcome.



Read more at Investing.com: Week Ahead – ECB Poised to Cut Again, US CPI to Get Final Say on Size of Fed Cut