Analyst: August CPI Expected to Rise, Easing Cycle Will Weaken the US Dollar

ChainCatcher news, according to Golden Ten Data, analysts have stated that the US August CPI year-on-year increase is expected to rise from July's 2.7% to 2.9%, slightly below this year's January peak of 3%. The year-on-year increase in core CPI for August is expected to be 3.1%, the same as July. Analysts believe that the acceleration in CPI growth will lead the Federal Reserve to cut interest rates by 25 basis points instead of 50 basis points, and the restart of the central bank's easing cycle is expected to weaken the US dollar.