QCP: Fed’s September Rate Cut Expectations Boost Ethereum Momentum, Jackson Hole Symposium Becomes Next Focus

According to Jinse Finance, QCP released its daily market commentary stating that the US July CPI (Consumer Price Index) rose 2.7% year-on-year, below the market expectation of 2.8%. Core CPI increased by 3.1% year-on-year, slightly above the expected 3.0%. The milder overall inflation reading has reinforced expectations that the Federal Reserve will begin a rate-cutting cycle in September, with most market participants now anticipating a 25 basis point cut. Contrary to previous forecasts that goods inflation would rise as companies passed higher costs on to consumers, this time it came in below expectations. Looking ahead, the Jackson Hole Symposium will be the next major focus. It is expected that Federal Reserve officials will signal a 25 basis point rate cut in September at the event. Before the September FOMC meeting, only one more CPI and one more non-farm payroll report will be released, and it is believed that these data are unlikely to materially alter the Fed’s decision.