Skyler Weinand, Chief Investment Officer at Regan Capital, pointed out that the August Consumer Price Index (CPI) data was in line with expectations, allowing the Federal Reserve to implement a smaller rate cut of 25 basis points at its September meeting. He stated that this data provided the Federal Reserve with room for action in the face of persistently rising unemployment. Weinand further predicted that there would be five to six rate cuts over the next year. According to data from the CME FedWatch Tool, this prediction gained market recognition following the release of the CPI data, showing that the probability of a 25-basis-point rate cut by the Federal Reserve next week increased from 71% to 85%, while the probability of a 50-basis-point rate cut dropped from 29% to 15%.