Fed: Rate Hike Odds Drop to 8% on CPI Data
Fed rate hike odds at July 29 meeting plunge to 8% after CPI posts largest monthly decline since April 2020, shifting July FOMC meeting expectations.
SourceAnalysis
The odds of the Fed hiking rates at the July 29 meeting crashed to 8% after CPI inflation posted its biggest monthly decline since April 2020, reshaping Fed rate hike odds ahead of the July FOMC meeting and broader inflation data impact on monetary policy.
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