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Benzinga
Benzinga
Business
Piero Cingari

Inflation Cools to 3.4% as Expected in July: Is This Enough for the Fed? (UPDATED)

Inflation Bureau of Labor Statistics the Federal Reserve US Federal Reserve
Inflation

Editor’s note: This article was updated to add more context and detail.

The Consumer Price Index (CPI) rose 3.4% year-over-year in July, line with the annual inflation economists expected and down from June’s 3.5% increase, the Bureau of Labor Statistics reported Wednesday.

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