US July CPI rises 3.4% year-over-year…odds of rate hike fall
- 1The US July Consumer Price Index (CPI) climbed 0.1% month-over-month and 3.4% year-over-year, marking the lowest reading since March
- 2Core CPI eased to 0.2% month-over-month and 2.5% year-over-year, while the energy index fell 1.5%
- 3The probability of a rate hike (mainly in September) is trending lower, and UBS assessed that inflation has been coming down after peaking in May
This 3-line summary is compiled from the report below.
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