Waiting a month or so won't make that big of a difference, and it would give them more confirmation that some of the cooler inflation numbers are becoming more pervasive, Nationwide senior economist Ben Ayers tells Axios.
The question now is whether the outlook has shifted in light of those figures. The CME's FedWatch tool, based on futures prices, shows almost 60% odds of three rate cuts by the end of the year - up from 18% last month.
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