Reported about 6 hours ago
Following the latest Consumer Price Index (CPI) report showing unexpected increases in consumer prices, inflation expert Omair Sharif discussed the implications for the Federal Reserve's interest rate strategy. While noting that some components, like housing inflation, are showing signs of cooling, Sharif indicated that the strong CPI data has diminished hopes for a 50 basis points rate cut, making a 25 basis points reduction more likely for the upcoming Fed meeting.
Source: YAHOO