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The monthly inflation report from the United States will be released today. Forecasts show that headline inflation will remain tame on an annualized basis. The data comes amid the markets speculating a Fed rate cut.
Headline inflation for June is forecast to remain flat on a month over month basis. This marks an unchanged print following a 0.1% increase in May. On a yearly basis, the inflation rate is expected to slow from 1.8% in May to 1.5% in June. This would mark another month of declines in the annualized CPI.
Core CPI, which excludes the volatile food and energy prices are forecast to remain unchanged at 2.0% on the year. On a monthly basis, core CPI is expected to tick a notch higher to 0.2%, up from 0.1% previously.
Inflation in the US has remained tame for the most part this year.
However, the Fed maintains that inflation weakness remains transitory. But the prolonged weaker pace of increase in i...
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