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Sunday, July 14, 2024

US core PPI had increased by 0.4% in June 2024.

With the latest core PPI at 0.4% in June 2024, it is unlikely that the core inflation will fall to 2% for the year 2024.

Just like we've stated previously, we would need to wait for 2-3 months of inflation data to ascertain the September FOMC move.

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