As Expected - Sep Cut Happening (Patreon)

US CPI #inflation came in lower than consensus forecasts across the board.

Monthly headline inflation for June was -0.1 (the consensus forecast was 0.1), bringing the annual measure down to 3.0% (3.1%).

Core came in at 0.1% (0.2%) and 3.3% (3.4%).

"This will encourage markets to increase the probability of a September rate cut by the #FederalReserve. " Mohamed A. El-Erian