The US CPI report was a decent one:
Forexlive Americas FX news wrap: CPI continues to cool
Snippet from MS:
CPI data was not ‘as cool as yesterday’s PPI”but the as-expected CPI likely will not rock the boatthe primary question is
whether the Fed will cut rates by 25 or 50 basis points in Septemberif most of the data over the next five weeks points to a slowing
economy, the Fed may cut more aggressively
Earlier:
JP Morgan says the Fed has a green light for a 50bp rate cut in Sep. Here’s the trigger.
We’ll hear from jpowe next week at Jackson Hole
This article was written by Eamonn Sheridan at www.forexlive.com.
