More Questions Than Answers By Jane Foley, senior FX strategist at Rabobank Yesterday’s release of the US July CPI inflation report may have paved the way for a Fed rate cut in September, but it did little to resolve the debate as to whether the Fed could opt for a 50 bps move in preference to a 25-bps cut. While US stock indices ended the day in the green, the slight reduction in hopes for a 50-bps rate cut meant that activity in equities lacked real firepower. The ‘problem’ for those advocating a larger move was the acceleration in the… — Continue at ZeroHedge News : Read More
