US EditionASX slides lower as banks, energy stocks weaken
Markets foresee a Federal Reserve rate cut between 25 and 50 basis points in September due to weak U.S. labor data and persistent inflation, with over 80% probability priced in, analysts say.
- Stock futures gained momentum on Sunday evening, with investors bracing for fresh inflation data and political turmoil overseas that could impact the bond market.
- A dismal jobs report on Friday increased recession fears and locked in odds for a rate cut from the Federal Reserve when it meets on Sept. 17.
- On Wednesday, the producer price index for August is expected to show a 0.3% month increase, cooling from July's 0.9% surge, while on Thursday, the consumer price index is anticipated to see a 0.3% gain, accelerating from the prior month.
23 Articles
23 Articles
The countdown to the Federal Reserve (Fed) meeting on September 16 and 17 keeps the markets on hold. The possibility of a cut in rates again occupies the financial headlines after its president Jerome Powell has recognized that the US economy shows signs of cooling in employment. According to Reuters, the probability of a cut of 25 basis points already exceeds 85%. This possible shift of the Fed towards a more accommodative posture is not limite…
Wall Street sees September rate cut as sure thing — CPI inflation data may have a lot to say about what comes next
Stock-market bulls are counting on Federal Reserve rate cuts. Inflation data still has a lot to say about what policymakers can deliver. Article Attribution | Read More at Article Source The post Wall Street sees September rate cut as sure thing — CPI inflation data may have a lot to say about what comes next appeared first on RocketNews.
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