CPI, federal reserve and June
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Even if we get an unexpectedly tame reading for the June CPI figures, it might be difficult to see the Fed cutting rates at the July 29-30 meeting. The June jobs report from two weeks back offered a mixed set of data,
Gold prices firmed on Tuesday as concerns over the global trade war fuelled demand for safe-haven assets, while investors awaited a key U.S. inflation reading. Spot gold rose 0.4% to $3,354.84 per ounce,
The June CPI report shows that inflation is accelerating, but at a pace that's in line with economists' expectations. The latest Consumer Price Index (CPI) report indicated a slight impact on inflation from President Donald Trump's tariff policies, although the acceleration was in line with what economists expected.
Dow falls 300 points, S&P 500 flat and Nasdaq climbs after June CPI report; JPMorgan tops estimates Investors are digesting important inflation data in the U.S
The Canadian dollar edged lower against its U.S. counterpart on Tuesday, but the loonie declined less than the other Group of 10 currencies as domestic inflation data reduced expectations for Bank of Canada interest rate cuts.