Inflation data in the USA! DO NOT MISS!
Dear traders,
The Commerce Department will publish July inflation data at 15:30 Kyiv time. It is predicted that this report will confirm the return of inflation to the Fed target value of the.
According to economists, the report will show that US consumer prices in July have risen 0.2% compared with June and 3.0% over the prior year.
According to forecasts, on an annual basis, core inflation, which does not take into account energy and food prices, will be 2.3%.
Last Wednesday, the Fed kept the interest rate unchanged, describing the situation in the US economy as strong. This speaks in favor of a further interest rate increase in September and December this year. (Investing.com)
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