Cheaper Gasoline Will Not Solve Fed’s Inflation Problem

Market movers today The most important data release of the day will be the US July CPI. Following the recent decline in gasoline prices, consensus is expecting headline CPI growth to ease to 0.2% m/m (8.7% y/y). Fed will focus especially on the core inflation, where consensus is looking for a slight moderation to 0.5% […]

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