CPI +3.4% VS 3.4% EXPECTED
FED RATE HIKE PROBABILITIES NOW DOWN TO 38% IN SEPTEMBER
yeah a hike...
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
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The Consumer Price Index (CPI) came in at +3.4%, matching the expected 3.4%. Following this data, Federal Reserve rate hike probabilities for September dropped to 38%, leading the author to conclude that a rate hike is unlikely, especially if oil prices remain under control.
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