「Fed's Whisperer」: July CPI Data Eased Fed's September Rate Hike Pressure

August 12th, in the "Fed's Earpiece" segment, Nick Timiraos stated that the July CPI data was in line with expectations, thereby easing the pressure on the Fed to raise rates in September. The Fed believes that the current interest rates are sufficiently tight to steer inflation toward the 2% target without the need for further rate hikes.