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.
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