COMMERZBANK--CPI relief?

Fed: FOMC minutes show that "almost all" officials agreed that upside risks toinflation had diminished and a "substantial majority" supported the 50bp cut, while

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Fed: FOMC minutes show that "almost all" officials agreed that upside risks to
inflation had diminished and a "substantial majority" supported the 50bp cut, while
"some" favoured a smaller cut. However, officials also noted that "labor market
conditions remained solid". Daly says one or two more 25bp rate cuts are likely.
Collins calls last month's 50bp cut "prudent".

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