US consumer inflation slowed to 8.5% in July from 9.1% a month earlier. As we had pointed out, the fact was noticeably lower than the forecasted 8.7%, and this caused an immediate market reaction. FedWatch Tool showed the market’s estimate of a 75-point hike in the Fed Funds rate at the end of September fell […]
The post The Inflation Wheel Has Turned, Hitting the Dollar appeared first on Action Forex.
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