BiyaPay analyst: Inflation and employment contradictions intensify, the prospect of Fed rate cuts next week sway

According to BlockBeats, on September 12, data released by the U.S. Department of Labor on Thursday showed that the U.S. CPI rose 2.9% year-on-year in August, and the core CPI rose to 3.1%, indicating that inflation stickiness is still there; at the same time, the number of initial unemployment claims rose to 263,000, a three-year high, and the employment market showed obvious signs of weakening. BiyaPay analysts pointed out that the "data fight" between inflation and employment has made the prospect of a rate cut in the Federal Reserve more complicated. The market still expects a 25 basis point rate cut in September, and a cumulative rate cut of 75 basis points this year, but if inflation continues, the Federal Reserve may slow down the pace of easing. Investors should pay attention to the PCE price index to be released at the end of September to determine whether the inflation trend is truly easing. BiyaPay multi-asset trading wallet will continue to provide you with one-stop services such as global remittance, digital currency trading and US and Hong Kong stock investment, helping users quickly transfer funds and capture trading opportunities in turbulent markets.