Analyst: The reason for the 50 basis point rate cut in September is very clear.

On August 14, Jin10 data reported that the CPI increased by 0.2% as expected on a month-on-month basis in July, and the US bond yield also increased, with the core CPI increasing by 0.2% on a month-on-month basis. The CPI increased by 2.9% year-on-year, while the expectation was 3%. Today’s report indicates that inflation is still under control. The current focus of debate is the extent to which the Fed may cut interest rates. Nigel Green, analyst at deVere Group, said there is a clear reason to cut interest rates by 50 basis points in September. This would send a strong signal that the Fed is serious about keeping the US economy away from the edge of recession.