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US Inflation Rate Shock to Stock Markets

IranGate
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US Inflation Rate Shock to Stock Markets

Shock of U.S. Inflation Rate to Stock Markets

Dollar Index Declines

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Shock of U.S. Inflation Rate to Stock MarketsEnglish

Following the release of the increase in U.S. consumer inflation rate, Wall Street futures trading rose on Thursday while the value of the dollar started to decline.

The U.S. Department of Labor announced on Wednesday that the Consumer Price Index increased by 0.2% in July. Accordingly, the annual rate of this index rose from 3% in June to 3.2% this month.

Economists participating in a Reuters survey expected the Consumer Price Index to rise to 3.3%.

Annual consumer prices have declined from a peak of 9.1% in June 2022. However, the Federal Reserve, the central bank of the United States, has targeted a 2% inflation rate.

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