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July inflation cools, but markets still weigh a September Fed hike
The latest inflation reading showed easing progress, leaving the timing of the next Fed move uncertain.
July data pointed to slower inflation than prior months, but the updated outlook still leaves room for the Federal Reserve to consider additional tightening.
According to Yahoo Finance, investors are weighing the possibility that September remains in play for a rate increase even after the July cooling.
The market focus remains on how much more inflation must fall before the Fed can shift away from hiking expectations.
As the next policy decision approaches, traders will likely continue watching incoming inflation data for signals about whether further rate hikes are needed.