CPI Report Sparks Fed Rate Cut Hopes as Inflation Slows to 2.9%
On Wednesday, the U.S. Bureau of Labor Statistics rolled out its latest consumer-price index (CPI) report, revealing a 2.9% increase over the past 12 months through July—falling just short of economists’ 3% forecast. This data nudged CME futures metrics upward, reflecting growing market sentiment that the latest BLS figures strengthen the case for a Federal […]
