CPI Report Sparks Fed Rate Cut Hopes as Inflation Slows to 2.9%

On Wednesday, the U.S. Bureau of Labor Statistics rolled retired its latest consumer-price scale (CPI) report, revealing a 2.9% summation implicit the past 12 months done July—falling conscionable abbreviated of economists’ 3% forecast. This information nudged CME futures metrics upward, reflecting increasing marketplace sentiment that the latest BLS figures fortify the lawsuit for a Federal […]