With US inflation gradually moderating toward the Fed’s 2% target, markets are increasingly convinced the central bank will deliver a rate cut at its September meeting. However, the headline inflation rate conceals persistently high inflation in services, which employ over 70% of the US workforce. Will the Fed’s rate path now be driven by developments in the labor market? Presented by @cmegroup
https://www.cmegroup.com/openmarkets/quicktake-by-bloomberg.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insight
