The US Consumer Price Index (CPI) rose by 0.2% MoM in July, in line with expectations, and slowed down by 0.1 percentage point compared to the previous month. The YoY increase remained at 2.7%, while the market had originally expected it to rise to 2.8%, ending the rebound momentum of the past two months. After the data release, traders increased their bets on a US Fed interest rate cut in September.
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