"New Fed Mouthpiece" comments on the US August CPI data: It is expected that the Fed's rate cut in September will not reach 50 basis points

Renowned financial journalist Nick Timiraos, also known as the "New Fed News Agency," wrote that the inflation data in August paved the way for the Federal Reserve to gradually lower interest rates next week, but a significant 50 basis point rate cut is not expected. The relatively strong housing inflation in August led to a slightly higher-than-expected increase in core prices, which may make it more difficult for Fed officials to push for a larger 50 basis point rate cut at next week's Fed meeting. However, some officials have not completely ruled out the possibility of a larger rate cut. Meanwhile, although easing inflation provides some relief for burdened households, the labor market is cooling down, with slower recruitment and wage growth, and an increase in the average duration of unemployment as finding a job becomes more challenging