US consumer prices increase as expected in July
· economictimes.indiatimes.com
U.S. consumer prices saw a slight increase in July, which could impact Federal Reserve rate decisions. Core inflation also gained marginally, following a previous decline in June. Markets had anticipated a higher chance of a September rate hike before this report. However, the Federal Reserve will still review August data before its meeting. This data follows recent news of surprise job losses last month.
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