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Expectations of Fed Rate Cut Persist as Service Prices Push Up Inflation Concerns
Summary: According to sources, institutional evaluations of US July PCE data suggest that rising service prices may exacerbate market concerns about inflation heating up, especially against the backdrop of Trump's ongoing tariff measures impacting the economy. Despite American consumers maintaining their spending enthusiasm, the dual pressures of price increases and a soft job market create uncertainty ...
According to sources, institutional evaluations of US July PCE data suggest that rising service prices may exacerbate market concerns about inflation heating up, especially against the backdrop of Trump's ongoing tariff measures impacting the economy. Despite American consumers maintaining their spending enthusiasm, the dual pressures of price increases and a soft job market create uncertainty for growth momentum. Following the data release, stock market futures and US Treasury bonds narrowed losses, the dollar remained strong, and traders anticipate a rate cut by the Fed in their September interest rate decision.
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Link: Expectations of Fed Rate Cut Persist as Service Prices Push Up Inflation Concerns [Copy]
