Maybank anticipates US CPI: Inflation meeting expectations will reduce bets on aggressive rate cuts by the Federal Reserve
Analysts at Malayan Bank stated in a foreign exchange research and strategic report that the market generally expects the year-on-year core CPI in the United States to decrease slightly from 3.3% in June to 3.2% in July. Inflation data that aligns with this expectation would be most favorable for the market. While such data may lead to a further reduction in bets on aggressive rate cuts by the Federal Reserve and potentially drive the US dollar higher, improved risk sentiment could slow down the dollar's rise
FXStreet News on August 12th, Maybank analysts stated in a foreign exchange research and strategic report that the market generally expects the year-on-year core CPI in the United States for July to decrease slightly from 3.3% in June to 3.2%. Inflation data that meets this expectation would be most favorable for the market. Although such data may lead to a further reduction in bets on aggressive rate cuts by the Federal Reserve and may cause the US dollar to rise further, the improvement in risk sentiment may slow down the dollar's upward momentum