Will US CPI report accelerate bets on rate cuts?

Link to slide deck: https://shorturl.at/lzC57   - Today we discuss the possibility of stagflation in the years to come as our Chief Investment Officer Steen Jacobsen laid out the arguments for why such a scenario could play out. In daily grind of financial markets we discuss tomorrow's US July CPI report which is expecting to see another month of core CPI at 0.2% m/m. If US inflation continues to ease it could mark the peak in the Fed Funds Rate and accelerate bets on rate cuts next year. We also discuss the troubles at WeWork, oil markets, Novo Nordisk's 17% rally yesterday on good Wegocy trial data on heart risk, and the clarification from the Italian government on the new extra bank tax. On today's podcast are Peter Garnry on equities and Ole S. Hansen on commodities. Read daily in-depth market updates from the Saxo Market Call and SaxoStrats Market Strategy Team here. Click here to open an account with Saxo   - Intro and outro music by AShamaluevMusic