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Analysts predict that the probability of a 50 basis point rate cut will increase, and tomorrow's CPI may also be weaker than expected.
On September 10, Adam Button, an analyst at the American financial website investinglive, stated that the Consumer Price Index (CPI) report will be released tomorrow. This is a strong signal, and the data might be lower than expected like today's PPI data, which has led to a pump in US stock index futures. If the CPI result is below expectations—especially if it is significantly below expectations—the possibility of the Fed cutting rates by 50 basis points will be higher. The month-on-month decline of the Producer Price Index (PPI), excluding food and energy, has reached the largest drop in the past 10 years. (Jin10)