<p>In July, the US CPI increased by 2.9% year-on-year, marking the fourth consecutive month of decline and falling below both the expected value and the previous value (both at 3%); the US core CPI in July increased by 3.2% year-on-year (in line with expectations), marking the slowest growth since early 2021 and lower than the previous value of 3.3%. The data indicates that the inflation rate in the US is slowing down, which may lead the Federal Reserve to cut interest rates soon, although the extent of the rate cut may not be as significant as traders hope</p>

<p>The U.S. July CPI increased by 2.9% year-on-year, marking the fourth consecutive month of decline in growth rate, lower than both the expected and previous values (both at 3%); the core CPI increased by 3.2% year-on-year, reaching the lowest growth rate since early 2021, lower than the previous value of 3.3%. The data indicates a slowdown in inflation growth in the U.S., prompting the Federal Reserve to cut interest rates soon, although the extent of the rate cut may not be as large as traders had hoped for</p>

US July CPI Flash Estimate