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SGOV - Inflation Relief Boosts Case For U.S. Rate Cuts
iShares 0-3 Month Treasury Bond
2024-06-12 11:25:00 ET
Summary
A surprise 0.2% MoM core CPI inflation print after a similar reading for April core PCE deflator offers good news for the Fed in its fight to ease price pressures.
This needs to become the trend after a series of far too hot readings at the start of the year.
We think it will be and with unemployment on the rise we expect the Fed to cut rates in September.
