Humid July CPI report puts pressure on Fed to hike
David Paul Morris/Bloomberg Processing Content Key insight: Headline inflation increased by 0.1% last month for an annualized growth rate of 3.4%. The reading could push some policymakers to support tighter monetary policy. Expert quote: “If I do not see signs of continued disinflation soon, I am prepared to act. With five years of above-target inflation, […]
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