US Inflation Update, ECB Rate Cut On Deck As Stocks Try To Recover

I'd say the size of the first Fed rate cut will be decided this week, except that I said that last week and it turned out to be wrong. "Fool me once," as they say. Instead, I'll just offer the banal observation that Wednesday's US inflation update has the potential to tip the scales for or against a half-point move at the September FOMC meeting which, following an inconclusive jobs report, is still a toss up between a "regular" 25bps cut and a "super-size" 50bps move. As discussed in the lates