US inflation data showed a slight increase in July. The personal consumption expenditures price index rose to 3.7 percent. Core inflation remained unchanged, indicating persistent underlying pressures. This data strengthens the argument for a Federal Reserve interest rate hike. Traders now anticipate a higher probability of a September rate increase.
US inflation data showed a slight increase in July. The personal consumption expenditures price index rose to 3.7 percent. Core inflation remained unchanged, indicating persistent underlying pressures. This data strengthens the argument for a Federal Reserve interest rate hike. Traders now anticipate a higher probability of a September rate increase.
<iframe src="https://hindustansphere.com/embed/cluster/c2f3263698289b55aef8fdfaa3e8a84f17963207" width="100%" height="320" style="border:0;max-width:680px" loading="lazy" title="Fed seen a bit more likely to hike after inflation data"></iframe>
