The CPI data released today showed an annual growth rate of 2.9%, slightly lower than the market expectation of 3.0%. Although the core CPI data was in line with expectations, the market's response was a slight correction, which may be interpreted as the end of the good news or the intentional dumping of the main funds. However, whether the market is affected by good news or bad news, a balanced investment strategy is the key to resist market fluctuations.
Latest Core CPI
September rate cut expectations | Source: FedWatch Tool <br />
According to FedWatch data, the market currently expects a 62.5% chance of a 25 basis point rate cut at the September 18 FOMC meeting, while a 37.5% chance of a 50 basis point rate cut. Overall, the probability of a rate cut at the September meeting is 100%.