Kevin Pando
📊 US Inflation vs. Jobs: What’s Driving the Fed? Fresh data shows inflation edged higher in August, with CPI rising 2.9% year-over-year (vs. 2.7% in July). On a monthly basis, prices increased 0.4%, driven by fuel and food costs. Core inflation held steady at 3.1% annually. But markets were more focused on the jump in jobless claims, which climbed to 263K, the highest in nearly 4 years. That suggests a cooling labor market and strengthens expectations that the Federal Reserve will cut rates next week. 🔎 Traders are currently pricing in: - 88% chance of a 0.25% cut - 11% chance of a 0.50% cut 💡 While inflation remains sticky, investors see the Fed’s priority shifting toward supporting the labor market. By year-end, markets still expect a total of 75 bps in rate cuts. 👉 What do you think the Fed will do next week? $SPX500 $VOO (Vanguard S&P 500 ETF) $AAPL (Apple) $TSLA (Tesla Motors, Inc.) $AXP (American Express CO) $AMZN (Amazon.com Inc) $NVDA (NVIDIA Corporation) $NKE (NIKE) $VWO (Vanguard FTSE Emerging Markets)
Cut rates by 0.25%
100.00%
Cut rates by 0.50%
100.00%
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