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CPI Data Fuels Fed Hike Bets, Lifts USD, Pressures Stocks & Gold

Yahoo Personal Finance Read original source (opens in a new tab)
The Story

News Summary

  • July core CPI rose 2.5% annually, near Fed's 2% target but still elevated amid oil-driven inflation pressures.
  • Markets expect a possible Fed rate hike before year-end, pushing mortgage rates near 6.75% and supporting USD strength.
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XAUUSD price history

4383.10 -8.03% over the displayed period

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