Brian Jacobsen, chief economist at Annex Wealth Management, said: "There are no surprises in the CPI report, everything is in line with expectations. The cost of housing remains a major driver of inflation. With the jobs report and the inflation report, there is nothing to stop the Fed from cutting rates by 25 basis points next week. What will be exciting will be the summary of the Fed's economic forecasts. There could be four rate cuts in 2025 and inflation will eventually fall to target."
Annex Wealth Management首席经济学家Brian Jacobsen表示:“CPI报告没什么意外的,一切都符合预期。住房成本仍然是通胀的主要驱动因素。有了就业报告和通胀报告,没有什么能阻止美联储下周降息25个基点。令人兴奋的将是美联储的经济预测的总结。2025年可能会有四次降息,通胀最终会降至目标水平。”
Brian Jacobsen, chief economist at ANNEX Wealth Management, said the Fed did not add any drama to the week. The 25 basis point cut still leaves the federal funds rate in a restrictive range, but not as tight as it used to be. While the Fed says the risks to its employment and inflation targets are roughly balanced, they should probably put "roughly" in italics. Because the election is consequential, we can see economic growth relative to the Fed's...
On July 30th, Bill Zanker, the founder of The Learning Annex and a self-proclaimed long-time friend of former US President Donald Trump, revealed in an interview that Trump has been interested in cryptocurrencies for the past two years. Zanker explained that he first proposed the idea of issuing an NFT to Trump two years ago, but Trump was hesitant at first. It was not until December 2022 that Zanker proposed the idea again that Trump agreed. This inspires...