Maybank anticipates US CPI: Inflation meeting expectations will reduce bets on aggressive rate cuts by the Federal Reserve
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Analysts at Malayan Bank stated in a foreign exchange research and strategic report that the market generally expects the year-on-year core CPI in the United States to decrease slightly from 3.3% in June to 3.2% in July. Inflation data that aligns with this expectation would be most favorable for the market. While such data may lead to a further reduction in bets on aggressive rate cuts by the Federal Reserve and potentially drive the US dollar higher, improved risk sentiment could slow down the dollar's rise
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