đ¶ August CPI inflation came in at 2.5%, fully in-line with expectations, marking a significant drop and the lowest annual inflation rate since March 2021.
đ¶ Core CPI inflation, which excludes volatile food and energy prices, held steady at 3.2%, also matching expectations, indicating some underlying price pressures remain.
đ¶ This marks a continuation of the inflation cooling trend that has been observed throughout 2024, driven by moderating energy prices and slower growth in key sectors.
đ¶ With the inflation rate easing, the first Federal Reserve rate cut since 2020 is expected next week. Analysts widely predict that the Fed will reduce rates to stimulate the slowing economy.
đ¶ Despite these rate cuts, the economic outlook remains uncertain, and we expect heightened market volatility heading into the end of the year, as investors gauge the impact of monetary policy shifts and economic conditions.
The market is at a pivotal moment, and the path forward remains unpredictable.
