Wednesday, 10 August 2022

US Inflation Slowed to 8.5% in July, CPI Report Shows; Bitcoin Jumps – CoinDesk

“The Fed will be cheered by the news, especially the fact that core inflation was also lower than expected,” said Richard Carter, head of fixed-interest research at Quilter Cheviot, a U.K.-based investment management firm. “They will still need to hike rates at their next meeting in September, but this reduces the risk of another 75 basis-point move and, going forward, we might just see markets act a little calmer than they have to date.”



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https://stockinvesthub.blogspot.com/2022/08/us-inflation-slowed-to-85-in-july-cpi.html

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