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July's U.S. CPI annual increase of 2.9% fell short of the 3.0% forecast and marked a 40-month low. Core CPI matched the 3.2% prediction, a slight decrease from 3.3%, and hit a 39-month record low.
The U.S. CPI for July dipped below expectations, suggesting a persistent but resilient inflation, reflective of an active economy yet overshadowed by recession fears. Market consensus sees a Federal Reserve rate cut in September as likely...