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Benzinga
Benzinga
Business
Wayne Duggan

Chances Of Another 0.75% Interest Rate Hike Plummet Following Soft CPI Inflation Reading

US Federal Reserve Inflation Brian Price Jamie Cox

The U.S. Federal Reserve raised its target Fed funds rate by 0.75% in June and July in an attempt to get inflation under control.

Investors wondering if the Fed will pull the trigger on a third 0.75% hike at its next meeting in September got some key inflation data on Wednesday morning suggesting the Fed may dial back the pace of its tightening.

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