Shock of US inflation rate to stock markets

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Shock of US inflation rate to stock markets

Shock of US inflation rate affects stock markets

Dollar index declined

Following the release of an increase in US consumer inflation rate, Friday’s futures trading on Wall Street saw growth while the value of the dollar simultaneously decreased.

The US Department of Labor announced on Thursday that the consumer price index rose by 0.2% in July. Based on this, the annual rate of this index increased from 3% in June to 3.2% this month.

Economists participating in a Reuters survey expected the consumer price index to increase by up to 3.3%.

Consumer prices have been on a downward trend since reaching a peak of 91% in June 2022. However, the Federal Reserve has targeted a 2% inflation rate.


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