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Strategist Weighs September Fed Hike Amid Mixed Data
Laureline Renauc-Chatelain, fixed income strategy lead at Pictet Wealth Management, discussed the likelihood of a Federal Reserve rate hike in September. She noted that the recent payroll data was somewhat surprising but indicated a stable labor market that is not adding inflationary pressure. Despite noisy and downwardly revised employment figures, the key focus remains on upcoming Consumer Price Index (CPI) prints, which will heavily influence the Fed's decision. (Source: Bloomberg)
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