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Cooling CPI/PPI Crush Fed Hike Odds: Dollar Sinks, Gold & Stocks Gain

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The Story

News Summary

  • Cooler July CPI and PPI data slashed September Fed rate-hike odds from 55% to 32%, prompting a dovish repricing across currencies, gold, equities and oil despite Strait of Hormuz-driven crude volatility and rising gasoline prices.
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