🇺🇸 JUST IN: CPI INFLATION COMES IN BELOW EXPECTATIONS
📊 CPI (8:30 AM ET)
- Expected: 3.1% YoY
- Actual: 2.7% YoY
📌 Core CPI
- Expected: 3.0% YoY
- Actual 2.6% YoY
👷 Jobless claims: In line with expectations.
⬇️ Cooling inflation gives the Fed more room to cut rates.
If the labor market softens further, rate-cut odds increase.
🗣️ Hassett: Says it’s appropriate for the Fed to lower interest rates now.
Also watch: Japan’s rate decision tonight 👀
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