The Federal Reserve will release the July CPI data, with the core CPI year-on-year increase expected to reach 3.1%
ChainCatcher news, according to Jinshi reports, Federal Reserve spokesperson Nick Timiraos stated that the CPI data for July will be released this week.
Core CPI is expected to rise by 0.31%, which will bring the annual increase to 3.1% (2.9% in June and 2.8% in May). Overall inflation is also expected to rise by 0.24%, with the annual increase reaching 2.8%.
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