Institutional View: Next Week's CPI Will Determine Fed's Move, Powell Needs to Uphold Reputation

BlockBeats News, September 4th, IFM Investors portfolio manager Ryan Weldon stated that the August nonfarm payroll data will keep the Fed and the market's full attention on next week's inflation data, potentially giving the Fed more room to hike interest rates.

If inflation does not show a convincing drop, the Fed will need to take action to maintain the credibility the market has given to Powell after his hawkish comments at Jackson Hole.