Strategist: The CPI report may or may not affect the Federal Reserve's future interest rate cut decisions
ChainCatcher news, according to Jinshi, B. Riley Wealth's Chief Market Strategist Art Hogan stated that core commodities are the real driving force behind the rise in the CPI index, but energy and housing costs have somewhat offset this impact.
He believes that the report may not change the Federal Reserve's path forward, expecting interest rate cuts in the next three meetings.
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