The all-important consumer price inflation report for June – one of the important reports due before the Federal Reserve's July 30-31 monetary policy committee meeting – is expected on Wednesday.
What Happened:Economists, on average, expect June's headline monthly consumer price inflation rate at 0.1%, a slight tick up from unchanged prices in May. Annually, the CPI inflation may have slowed from 3.3% to 3.0%.
The core consumer price index, which strips off volatile food and energy prices, is expected to have risen 0.2% month-over-month and 3.4% year-over-year, essentially unchanged from corresponding May readings.
Inflation data is market-moving, given the...
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