100 soared more than 2%. While the data may not yet lead to a Fed pivot, traders are beginning to price a shallower tightening cycle, with the odds of a 75 basis point hike in September sharply reduced in favor of a more measured 50 basis point increase.Inflationary pressures in the United States moderated at a rapid pace last month in response to a slump in energy costs following a
t, providing a respite for U.S. households, who have seen their purchasing power eroded and their paychecks diminished by the staggering price increases witnessed earlier in the year., which measures how much Americans pay for a representative basket of goods and services, flatlined on a seasonally adjusted basis in July after having surged 1.
Compared to one year ago, headline CPI eased to 8.5%, slightly below the 8.7% expected, but sharply down from the