Analysts at TD Securities note that the US June CPI modestly disappointed, with headline CPI rising 0.1% m/m while core CPI rose 0.2% m/m but on the weak side. Key Quotes “Inflation still managed to firm to 2.9% y/y (with core inflation hitting 2.3% y/y).” “The small downside can be traced to weak energy services along with broad weakness in goods prices and sharp drops in a few services prices (hotels and airfares).” “Overall, the June CPI report remains consistent with gradual normalization by the Fed while offering limited impetus for a faster pace of hikes. This should keep the Fed on track for gradual hikes (one each quarter in our view).” “The CPI report is more noise than direction for FX markets.” “Focus remains on global trade developments, where FX markets appear content in rewarding the USD for now.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD Review: Turns positive after softer US CPI but lacks follow-through FX Street 5 years Analysts at TD Securities note that the US June CPI modestly disappointed, with headline CPI rising 0.1% m/m while core CPI rose 0.2% m/m but on the weak side. Key Quotes "Inflation still managed to firm to 2.9% y/y (with core inflation hitting 2.3% y/y)." "The small downside can be traced to weak energy services along with broad weakness in goods prices and sharp drops in a few services prices (hotels and airfares)." "Overall, the June CPI report remains consistent with gradual normalization by the Fed while offering limited impetus for a faster pace of hikes. This should keep the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
