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It’s CPI Friday in the US—ahead of next week's finely balanced Federal Reserve rate decision. Consensus is looking for: Headline monthly inflation of 0.4% (3.4% annual), and Core of 0.2% (2.4% annual). The monthly core reading is key here. Anything above 0.2 something would likely rattle yet again market rate expectations (currently pricing a September hike probability just below 70%), while below 0.2% would moderate them. #economy #federalreserve #inflation #cpi #markegs