On September 12th, Jin10 Data reported that the US Dollar Index, DXY, pumped due to data showing that the core inflation in the United States unexpectedly accelerated compared to one month ago in August. Analysts at Deutsche Bank stated in a report that these data seems to have resolved the debate on whether the Federal Reserve will cut interest rates by 25 basis points or 50 basis points at the September meeting. They indicated that given the inflation rate is still slightly higher than the target and the current economic data does not indicate an imminent economic recession, the Federal Reserve is expected to not cut interest rates too aggressively.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
"Hot" list
On September 12th, Jin10 Data reported that the US Dollar Index, DXY, pumped due to data showing that the core inflation in the United States unexpectedly accelerated compared to one month ago in August. Analysts at Deutsche Bank stated in a report that these data seems to have resolved the debate on whether the Federal Reserve will cut interest rates by 25 basis points or 50 basis points at the September meeting. They indicated that given the inflation rate is still slightly higher than the target and the current economic data does not indicate an imminent economic recession, the Federal Reserve is expected to not cut interest rates too aggressively.