Published Aug 20, 2026, 4:00 PM ET · Updated 3 months ago · 1 source
Tame CPI data reduces September Fed rate hike likelihood; cuts are next
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Original Report
Recent tame CPI data has significantly reduced the likelihood of a September Fed rate hike. The Fed's next action will be a rate cut, not a raise, driven by persistent real GDP growth below 1.5% for multiple quarters.