In response to the newly released US CPI data for August, many Wall Street agencies believe that the Fed's interest rate hike next week is a foregone conclusion, and that this round of austerity may not be a single act. Seema Shah, chief global strategist at Principal Asset Management, pointed out that the focus of the market debate has quickly shifted from “whether the Fed will raise interest rates” to “how many times will eventually be needed in this cycle,” and it is expected that the Fed will not “only raise interest rates once.” Jeff Schulze, chief investment strategist at the Franklin Templeton Institute, said that this data further strengthens the reason for the recent series of interest rate hikes. Brian Jacobsen, chief economic strategist at Annex Wealth Management, believes that it can be seen without complicated statistical techniques that the current inflation trajectory is not what the Federal Reserve expects.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.