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CPI Inflation Data Cools As Expected, May Keep Fed Rate Hikes On Hold (Live Coverage)
Consumer price index data largely matched expectations of a retreating inflation threat but may keep alive the possibility of a Federal Reserve rate hike in September following Friday’s weak July jobs reports. Ahead of the report, odds of a tightening stood just below 50%. Technology goods were among the categories seeing firmer prices, thanks partly to Apple (AAPL). S&P 500…
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