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🚨 CPI COOLS — FED HOLD STILL FAVORED
July inflation showed little cause for alarm:
🔸 Headline CPI: +0.1% M/M | +3.4% Y/Y
🔸 Core CPI: +0.2% M/M | +2.5% Y/Y
🔸 Energy: -1.5%
Prediction markets still favor the Fed holding rates in September at 68.2%, versus 17% for a 25bp

