Analyst: August CPI is expected to rebound, and the easing cycle will weaken the dollar

ChainCatcher news, according to Jinshi reports, analysts indicate that the year-on-year increase in the U.S. August CPI is expected to rise from 2.7% in July to 2.9%, slightly lower than the highest increase of 3% in January this year. The year-on-year increase in the August core CPI is expected to be 3.1%, the same as the increase in July. Analysts believe that the acceleration in CPI growth will lead the Federal Reserve to cut interest rates by 25 basis points instead of 50 basis points, and the restart of the central bank's easing cycle is expected to weaken the dollar.