U.S. June CPI Falls 0.4% Month-over-Month, Fed Rate Hike Odds for July Plunge to 17%
According to E Daily, U.S. June CPI declined 0.4% month-over-month on July 14, marking the first monthly drop since April 2020, and came in below market expectations at 3.5% year-over-year versus forecast 3.8%. The softer inflation reading sent July rate hike odds plummeting from 42% to 17% on CME
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GateNews·07-14 20:55
