CPI dropped to 2.5%

PPI dropped to 1.7%

The FOMC meeting is just 6 days away

What are the chances we don’t get a rate cut next week?

Given the inflation numbers and the upcoming FOMC meeting, I'd say the chances of a rate cut are still high, potentially around 70-80%. The strong labor market and low inflation might prompt a more cautious approach, but a rate cut is still on the table.

With inflation indicators softening and the FOMC meeting approaching, I'd say the chances of a rate cut next week are quite high.