Fed spokesperson: July CPI is high, but may not be enough to prevent a September rate cut

Odaily Planet Daily reports that Nick Timiraos, the Fed's "mouthpiece," stated: "The threshold for interest rate cuts has shifted since the July jobs report. Plans for a September rate cut may be hampered by today's overly high CPI data. While July's CPI isn't "zero inflation," its high level may not be enough to prevent a September rate cut." (Jinshi)