Inflation data for July reflects a 0.2% increase in CPI, remaining in line with expectations, indicating potential for Federal Reserve rate cuts at upcoming meetings.
The core CPI also rose by 0.2%, perfectly matching expectations, which suggests that inflationary pressures remain manageable as the Fed prepares for potential rate adjustments.
Market probabilities now indicate a 52.5% chance of a 50 basis point rate cut following the inflation report, with Fed policies increasingly under scrutiny.
Upcoming economic indicators such as jobless claims and retail sales reports will be closely monitored, pivotal for shaping the Fed's policy decisions in September.
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