Inflation Clocks in Lower Than Expected (Again) in July
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The latest inflation data is bolstering Donald Trump’s arguments for the Federal Reserve cutting interest rates.
According to CNBC, the consumer price index increased a seasonally adjusted 0.2% in July, and 2.7% on an annualized basis. That compared with the Dow Jones estimates for a 0.2 monthly increase and 2.8% annualized increase.
Every single inflation print since Trump’s first full month in office has come in under forecast with the exception of July (which came in identical to the forecast number). August’s monthly forecast came in the same too - but it came in lower on an annualized basis.
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