We have pounded the drum on residual seasonality. Present day really reduced CPI and Main CPI reading through for June is an additional reminder just how much start-of-April rate resets built inflation glance even worse than it actually was early in April, Might and June 2024. Underlying inflation is again on the RBZ goal.
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@federalreserve desire level reduction in September is imminent. Possible by 25bps The cash printer is staying turned back again on people..
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