A note from Citi says the upcoming US CPI report could present the Federal Reserve with “dual headaches,” as investors focus on core goods inflation.
- Goods prices ticked higher last month and could remain a concern in future readings as the impact of new tariffs filters through
It added that July’s FOMC meeting saw two dissents, underscoring uncertainty over the policy path if inflation picks up again.
Still, it says, the broader trend for interest rates remains towards lower levels.
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