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U.S. July PCE inflation data will be released tonight, with core and overall inflation rates expected to remain above 3%.
The U.S. will release July Personal Consumption Expenditures (PCE) inflation data later on Wednesday (26th). The market expects annualized core and headline inflation rates to remain above 3%, far exceeding the Federal Reserve's 2% inflation target. This report may make Federal Reserve Chairman Kevin Warsh uneasy ahead of his keynote speech at the Jackson Hole annual meeting on Friday.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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