The economic landscape is a complex web of interconnected elements, each influencing the other in a myriad of ways. One of the most critical elements on this website is inflation, a general price increase, and a fall in money’s purchasing value. The Consumer Price Index (CPI), a measure of inflation, plays a significant role in determining a country’s economic policies, including interest rates. The upcoming CPI day could potentially decide whether or not we witness four interest rate cuts this year or none at all. This decision will profoundly impact mortgage rates and the stock market.
The market’s expectation
Currently, the market is pricing in four interest rate cuts in 2024.
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