Kaitou Macro: The Federal Reserve is more likely to continue cutting interest rates by 25 basis points next week

Odaily Planet Daily News: After the PPI and initial application data in the United States exceeded expectations, Paul Ashworth, an analyst at Capital Economics, said: "The components of PCE favored by the Federal Reserve are generally weak, coupled with yesterday's CPI data, indicating that the core PCE monthly rate will only slightly increase by 0.03%. Now it seems more likely that the Federal Reserve will continue to cut interest rates by 25 basis points next week." At the same time, the number of initial jobless claims increased by 17000 last week, the highest level since mid October last year, while economists' expectations are for a decrease of 4000 to 220000. (Golden Ten)