Fed cuts rates at the September meeting
- Sheppi AI
- 56%
- Human analyst
- 61%
- Market price
- 63¢
- Difference
- −7 pts
Key reasoning
Labour-market softening through the summer supports a cut, but the last two inflation prints came in above consensus and the committee has said it wants a run of clean data first.
Biggest risk
A hot core CPI print before the meeting removes the case entirely. This call is one data release away from being wrong.
Reviewed by a macro analyst, who reads the labour data as more decisive than the model does.