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The American Minds

Independent Reporting · Est. 2020
Fed Faces High-Stakes Moment as July Inflation Data Looms
Economy

Fed Faces High-Stakes Moment as July Inflation Data Looms

The July CPI report due Wednesday could either buy the Federal Reserve breathing room or force rate hikes despite a weakening labor market. Economists expect modest gains but inflation remains well above the Fed's 2 percent target.

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