‘Why not 50?’ Inflation data has traders hoping for bigger Fed rate cut
Wall Street once again sees the possibility of a super-sized rate cut by the Federal Reserve next week. The producer price index unexpectedly fell 0.1% in August . Economists polled by Dow Jones expected a gain of 0.3%. Following the report, the chance of a 50 basis-point rate cut increased to 10.2% from 7% the…