The Markets (August 15, 2022) Rally caps were waving. In recent weeks, investors have embraced the idea that economic data will persuade the Federal Reserve to slow the pace of rate hikes. Last week’s inflation data fanned their enthusiasm. The big news was that the Consumer Price Index (CPI), which measures inflation, didn’t
UK consumer prices rose by 2% year-on-year in July – less than expected. And in the US, month-on-month inflation fell to 0.5%, down from 0.9% in June. But this respite could be short-lived.
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03/15/2021 08:00 AM EDT
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