Institution: The Fed's rate cut in September is basically nailed down

Golden Ten Data, August 14th News, Rusty Vanneman, Chief Investment Officer of Orion, stated that today's CPI report basically met expectations, with the overall CPI slightly better than expected on a year-on-year basis, dropping from the expected 3.0% to 2.9%. Last month, the overall CPI was also 3.0%. Considering this week's inflation data (including yesterday's PPI data), as well as short-term inflation expectations based on market and surveys falling to multi-year lows, the possibility of a Fed rate cut in September remains high.