Thursday's CPI report showed further signs of cooling prices although inflation is far from the Fed's 2% goal.
Even though Friday’s less-closely watched Producer Price Index data came in hotter than expected, traders remained confident that the central bank will cut rates in September. Odds for that are currently just under 95%, according to The U.S. unemployment rate has increased for three consecutive months to 4.1% in June from 3.8% in March.
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