US Inflation Hasn't Even Started Accelerating Yet
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US inflation for July may accelerate to 2.8% year-on-year. The corresponding report will be released tomorrow. If the forecasts are confirmed, this will mark the third consecutive month of growth in the Consumer Price Index. Consequently, market participants may conclude that there is a slight upward trend in the indicator.I have already written earlier that US inflation will now be in conflict with the labor market. Both of these indicators influence the mood of the Federal Open Market Committee (FOMC),
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