July CPI Report Set for Wednesday as Markets Await Fed Signal
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- US consumer prices likely rose moderately in July as gasoline prices eased, per the Wednesday report previewed by Reuters.
- Stock market futures were mixed ahead of the CPI release, with the Dow and S&P 500 muted while the Nasdaq edged higher, according to Yahoo Finance.
Why it matters: Wednesday's CPI print is the data point the Fed watches most closely to calibrate rate policy, and the split futures signal — flat broader indices versus a rising Nasdaq — shows investors positioning rather than committing ahead of the number.
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