July CPI Crucial as Inflation Rebound Concerns Rise

Barclays US economist Pooja Sriram said the July Consumer Price Index report will be a critical data point for markets and policymakers following June's softer inflation reading. Sriram stated that inflation data will shape expectations for the Federal Reserve's next meeting. Bloomberg reported that the July CPI and Producer Price Index data are viewed as major indicators for determining the Fed's policy direction.

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