Commerzbank: US CPI data will confirm the Fed's wait-and-see stance, and the probability of a rate cut in September is expected to be more than 50%

Odaily News Commerzbank researcher Rainer Guntermann said in a report that U.S. inflation data released on Wednesday should confirm the Fed's wait-and-see attitude. "These data will reinforce the Fed's wait-and-see stance before next week's policy decision, as the impact of higher tariffs remains limited at present," Guntermann said. According to LSEG data, money markets fully priced in the Fed keeping interest rates unchanged on June 18. They also expect the probability of a rate cut in September to be more than 50%. (Jinshi)