US CPI flat ahead of FED rate meeting

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There were no surprises today from the markets as the worlds eyes were focused on the North Korean meeting between Kim Jong Un and president Trump. Despite the quiet behaviour in the markets there was still plenty of data being digested and none more so than US CPI data m/m which came in at 0.2%, in line with expectations. As a result Core y/y CPI was 2.2% as well, in line with expectations, which keeps it above the 2% mark and strengthens the markets case for the FED to keep pushing interest rates in the future. Which is exactly what the markets will be focused on tomorrow as the FED meets… Read More

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