Sep 11 Consumer prices edged up higher by 2.9% - higher than expected

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Market

“Markets were higher on the news that we will get a strong rate cut in September even though some of the inflation data was inconsistent” 😊 😋

Higher all around for the markets

Inflation at the consumer level edged higher, although Producer prices went lower earlier this week. This only complicates things for the Fed, but they are used to conflicting data, which means 2 or 3 rate cuts this year.

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