15th August 2024

  • Core US Inflation Eases a Fourth Month, Sealing Fed Rate Cut

Core CPI rose 3.2% from July 2023, slowest in three years

Shelter was an outlier, with primary rents up substantially

https://blinks.bloomberg.com/news/stories/SI7LWHDWX2PT

  • Bond Traders See Quarter-Point Cut Next Month as Inflation Ebbs

Traders see about 32 basis points worth of easing by September

Treasury yields mainly lower on Wednesday after CPI report

https://blinks.bloomberg.com/news/stories/SI82JBDWX2PS

  • Fed’s Goolsbee Says He’s Growing More Concerned About Employment

Worried more about Fed’s employment mandate ‘on the margin’

Chicago Fed president spoke to Bloomberg News in an interview

https://blinks.bloomberg.com/news/stories/SI857BDWX2PS

  • Traders Fully Price Two More BOE Rate Cuts This Year After CPI

UK headline inflation rose less than expected in July

Pound fell, paring gains that followed robust jobs data

https://blinks.bloomberg.com/news/stories/SI73LWDWRGG0

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