Analysts: Inflation has not "got worse", markets are fully priced to expect three interest rate cuts before the end of the year

According to BlockBeats, on September 11, institutional analysts said that the overall CPI monthly rate was slightly higher than expected. After the data was released, the yields in the US Treasury market fell slightly across the board, indicating that the market believes that the data has not become worse, which is a relief. Fed Chairman Powell has been paying attention to annual rates for some time. The core CPI in August was 3.1%, the same as July, in line with expectations, which also means that inflation is not worse. Overall CPI rose to 2.9%, slightly higher than 2.7% in July. Housing rose 0.4% in August, the largest monthly increase of all projects, the report shows. Food prices are also rising, with the food index rising 0.5% this month, the home food index rising 0.6% and the home food index rising 0.3%. This report, which is basically in line with expectations, paved the way for the Fed's interest rate cut next week, and the market has almost completely digested expectations of three rate cuts before the end of the year. (Jin Shi)