GREY BRIEFING #07: High probability of interest rate cuts due to weaker labor market

Welcome back, dear readers, to the seventh GREY BRIEFING! This week, the focus was primarily on Thursday, when the CPI (inflation data) was published. Why was this so important? → Depending on the outcome, it could influence the Fed's interest rate decisions on September 17. We will discuss this in more detail in the CME FED Watch section. In addition to the really important inflation data and the ECB's (unchanged) interest rate announcement, labor market data also caused volatility. The number of unemployment claims was higher than expected (the forecast was around 235k, but the actual number rose to 263k). This is a...