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Cooler inflation takes next Fed rate-hike size down to the wire

Bloomberg8/11/2022 07:08 AM GMT+08  • 4 min read
Cooler inflation takes next Fed rate-hike size down to the wire
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Economists are divided on whether slower US consumer-price growth for July means the Federal Reserve could ease its aggressive rate-hiking program, making 75 basis-point moves less definite.

The consumer price index increased 8.5% from a year earlier, cooling from the 9.1% June advance that was the largest in four decades, Labor Department data showed Wednesday. Prices were unchanged from the prior month.

Markets are now pricing in the likelihood of a 50 basis-point increase in September rather than 75 basis points, and less than 100 basis points of hikes over the next two meetings.

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