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Strategies & Market Trends : Humble1 and Swing Trading Friends

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From: humble19/10/2024 6:15:10 PM
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Traders are anticipating a key economic report on Wednesday morning: August’s consumer price index. Economists polled by Dow Jones expect the headline CPI to have risen 0.2% from the previous month and 2.6% from a year earlier.

The CPI report and Thursday’s producer price index could help determine the size of a widely expected rate cut at the end of the Federal Reserve’s two-day meeting on Sept. 18. Fed funds futures trading suggests a 69% chance of a 25-basis-point rate cut and a 31% likelihood of a 50-basis-point reduction.

WOW:

Indeed, market pricing, while indicating a tepid start to cuts in September, projects a half-point reduction in November and possibly another in December.
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