Blackstone CFO: Holds a cautious and optimistic attitude towards the soft landing of the USA economy.
Blackstone bets that the Fed's measures to curb inflation will not cause a recession in the US economy.
Economists expect a 0.2% month-on-month increase in August PPI, with a probability of over 85% for a 25 basis point interest rate cut by the Federal Reserve next week.
The Federal Reserve is expected to announce a 25 basis point rate cut based on producer inflation data at next week's meeting.
Inflation Eased Further to 2.5% in August -- 7th Update
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The Federal Reserve's 'microphone' has 'set the tone' for a 25 basis point rate cut next week, with two more expected meetings later this year.
Given the latest US core inflation exceeding expectations, the possibility of a 50 basis point rate cut next week has significantly decreased. Timothy Law emphasized that in addition to paying attention to the extent of the rate cut next week, we should also note Federal Reserve Chairman Powell's view on the health of the economy. The latest expectations show that the probability of a 25 or 50 basis point rate cut by the Federal Reserve in November is close, and the probability of a total rate cut of at least 100 basis points this year exceeds 80%.
Wall Street Review CPI: Housing inflation remains strong, and the interest rate cut in September is unlikely to be 50 basis points.
Well-known financial journalist Nick Timiraos, also known as the "New Fed Communications Agency", wrote that August's inflation data paved the way for the gradual reduction of interest rates by the Fed next week. However, the relatively strong housing inflation caused the core price increase in August to be slightly higher than expected, which may make it more difficult for Fed officials to push for a larger 50 basis point rate cut at next week's Fed meeting.
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