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Likes ReceivedGreat news! The US just released its June CPI inflation data. The market expected 3.8%, but the actual figure was only 3.5%. Additionally, the core CPI was 2.6%, also below expectations.
US inflation has indeed fallen along with the drop in oil prices.
After the data was released, the probability of a Fed rate hike decreased. This is significant positive news for the market. By the way, Fed's Waller will be attending a hearing later.
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