Michael Brown: The lower-than-expected PPI has no impact on the Federal Reserve's decision to cut interest rates

ChainCatcher news, according to Jinshi reports, Pepperstone senior research strategist Michael Brown stated that the lower-than-expected U.S. PPI data has no impact on the Federal Open Market Committee (FOMC) decision, and a 25 basis point rate cut next Wednesday is a done deal. He added that the money market pricing shows a slight probability of a 50 basis point cut, and if the CPI data is similarly weak, this expectation may further intensify.