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The latest US CPI data has caused a big news splash. The overall CPI dropped to 2.7%, which is over 40 basis points lower than the expected 3.1%. The core CPI even fell to 2.6%, compared to the forecast of 3.0%. This single-month decline is the sharpest since 2023.
Even more shocking — core inflation is now at its lowest level since March 2021, and it's the closest it's been to the Federal Reserve's 2% target since the pandemic. Honestly, this data looks a bit unbelievable, and some even question its authenticity.
From a trading perspective, if subsequent inflation data shows a sharp increase,
View OriginalEven more shocking — core inflation is now at its lowest level since March 2021, and it's the closest it's been to the Federal Reserve's 2% target since the pandemic. Honestly, this data looks a bit unbelievable, and some even question its authenticity.
From a trading perspective, if subsequent inflation data shows a sharp increase,