Wall Street Lunch: July CPI Meets Expectations As Traders Weigh Fed's Next Move

July CPI rose 0.1% M/M and 3.4% Y/Y, matching expectations but remaining above the Fed's 2% target. Core CPI increased 0.2% M/M, translating to a 2.5% annual rise, supporting a 'no-cut, no-hike' Fed stance.

Source: Seeking Alpha

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Category General

Source Seeking Alpha

Published 1 month ago

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News ID #5,812

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