USD: CPI Report Shows Underlying Price Pressures Continue To Build – CIBC

US Core Inflation came out at 2.4% y/y, better than had been expected. Will it push the Fed to raise interest rates at a quicker pace? Here is their view, courtesy of eFXdata: CIBC Research discusses its reaction to today’s US CPI print for the month of July. “Headline inflation appears to have plateaued, but a […]

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