BiyaPay Analyst: Inflation and Employment Contradiction Intensifies, Fed Rate Cut Prospects Waver Before Next Week
BlockBeats News, September 12th. Data released by the U.S. Department of Labor on Thursday showed that the U.S. Consumer Price Index (CPI) rose by 2.9% year-on-year in August, with the core CPI reaching 3.1%, indicating that inflationary pressures persist. Meanwhile, initial jobless claims rose to 263,000, hitting a three-year high, and signaling weakness in the job market.
BiyaPay analysts pointed out that the conflicting "data duel" between inflation and employment has added complexity to the Federal Reserve's interest rate cut outlook next week. The market still expects a 25 basis point rate cut in September, with a total of 75 basis points cut by the end of the year. However, if inflation persists, the Fed may slow down its pace of easing. Investors should pay attention to the Personal Consumption Expenditures (PCE) Price Index, which will be released at the end of September, to assess whether the inflation trend is genuinely easing.
BiyaPay's multi-asset trading wallet will continue to provide you with one-stop services such as global remittances, cryptocurrency trading, and U.S. and Hong Kong stock investments, helping users swiftly transfer funds and seize trading opportunities in volatile markets.
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