The Federal Reserve's rate cut space in September depends on the core CPI data from July

ChainCatcher news, according to Jinshi reports, the U.S. July CPI data will be released on August 12 at 20:30. If the data shows a cooling in inflation, it may reinforce expectations for a rate cut by the Federal Reserve in September. Francesco Pesole, a foreign exchange strategist at ING, stated that if the core CPI month-on-month rate records 0.3% as expected, it will provide the Federal Reserve with room to lower interest rates.