Traders are now doubling down on their expectations that the Federal Reserve will stick with a modest quarter-point rate cut next week, after core consumer inflation came in a bit spicier than forecasted.
The latest US government data showed the headline consumer price index (CPI) rising 0.2% month-over-month in August, perfectly matching estimates. However, core CPI, which leaves out the more volatile food and energy sectors, edged up by 0.3% – slightly higher than the expected 0.2%.
There has been a lot of back-and-forth on the size of the Fed’s rate cut after last week’s mixed bag of labor market data, but with the latest inflation report, the market seems to have settled on a 25 basis-point cut.
In this session, I will dive into what I have nailed so far in 2024, where I have stumbled, and what my game plan is for the rest of the year. I have got to admit, I get a bit of a kick out of watching other investors scramble while I do my best to stay calm and collected.
If you are one of our investors reading this and would like to be notified on future meetings designed to provide valuable insights into the current financial landscape, potential investment opportunities, and strategies to navigate the ever-changing market trends, you can send me an email to reserve your spot.
With a truly global base, there is no one time that is suitable for everyone. I do find the 7pm (SGT/MYT) time works best for me and gels with a suitable time for the majority of my investors and partners.
I look forward to meeting you, and thank you for supporting my work.