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Zenger
Zenger
Business
Piero Cingari

What Economists Expect When Key Inflation Data Arrives Thursday: Market Looks For Clues On The Fed’s Next Move

US Federal Reserve Inflation Bank of America BEHNAM NOROUZI Morgan Stanley Goldman Sachs Interest Rates
The Thursday release of the Consumer Price Index (CPI) report will bring pivotal data for markets as it will highly impact expectations for future Fed interest rates. PHOTO BY BEHNAM NOROUZI/UNSPLASH

The Thursday release of the Consumer Price Index (CPI) report will bring pivotal data for markets as it will highly impact expectations for future Fed interest rates.

After experiencing 12 consecutive months of declining annual inflation, from its peak of 9.1% in June 2022 to 3% in June 2023, economists are now predicting a rebound in the inflation gauge to 3.3%.

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