Ketuo Macro: The Fed is more likely to continue to cut interest rates by 25 basis points next week

CoinVoice has learned that, according to Golden Ten’s report, after the PPI and initial claims data in the United States exceeded expectations, Paul Ashworth, an analyst at Capital Economics, said, "The components of the favored PCE by the Federal Reserve are generally weak, and combined with the CPI data released yesterday, it indicates that the core PCE rate will only increase by a slight 0.03%.

Now it seems more likely that the Fed will continue to cut interest rates by 25 basis points next week. Meanwhile, the number of initial jobless claims increased by 17,000 last week, the highest level since mid-October last year, while economists expected a decrease of 4,000 to 220,000. [Original link]