"New FED Communication Agency" commented on the US August CPI data: It is expected that the Fed's rate cut in September will not reach 50 basis points.

Nick Timiraos, a well-known financial journalist known as the 'New Fed Communications Agency', wrote that August inflation data paved the way for the Fed to gradually lower interest rates next week, but it is not expected to see a large 50 basis point rate cut. Stronger housing inflation led to a slightly higher-than-expected rise in core prices in August, which could make it more difficult for Fed officials to push for a larger 50 basis point rate cut at next week's Fed meeting. However, some officials have not completely ruled out the possibility of a larger rate cut. Meanwhile, while easing inflation provides some relief for burdened households, the labor market is also cooling, with slower hiring and wage rises, and the average duration of unemployment is rising as finding a job becomes more difficult.