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US July CPI release day…rate hike bets evenly split at 50-50

Reuters ·

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  1. 1US July consumer price release day, a key date for Fed policy and jittery bond markets
  2. 2Headline and core inflation expected to ease slightly on a year-over-year basis; market sees next-month rate hike odds at 50-50
  3. 3Combined with last week's soft July jobs data, this could dampen expectations for a Fed rate hike next month

This 3-line summary is compiled from the report below.

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