Now Or Later, The Market Will Get The Cuts It Wants

"A bigger increase in cyclically-sensitive shelter prices will make it harder for Fed officials to shake reservations about starting rate cuts with a 50bps reduction next week," Wall Street Journal "Fed whisperer" Nick Timiraos said Wednesday, following the release of inflation data which likely closed the door to a half-point first cut at the September FOMC meeting. The CPI report made the optics of a 50bps out-of-the-gate move challenging for Jerome Powell, that's for sure. Indeed, I'm duty-b