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On the SPOT blog (08/10/2022) [R..]

Updated: Aug 30, 2022

Wall Street seemed to have liked the July CPI data this morning as it appeared confident from start to finish today and ended the day in solid green. Given the fallen gas prices over the past couple of months (approximately), it was somewhat expected that CPI data would be relatively good. It is perhaps early to start speculating about 0.5 v/s 0.75 rate hike for September FOMC meeting.

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