Another Soft US Inflation Report, But Energy Costs in the Spotlight

<p>US CPI rose 3.2% y/y, slightly weaker than the 3.3% y/y expected. Core inflation slowed to 4.7% y/y, although analysts, on average, were looking for it to maintain its 4.8% y/y pace. This is negative news for the USD and positive for equities as it allows the Fed to soften its rhetoric. The odds of […]</p>
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