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U.S. July CPI Misses Mark: 2.7% Headline Softens, But Stubborn 3.1% Core Stings
U.S. July CPI Misses Mark: 2.7% Headline Softens, But Stubborn 3.1% Core Stings
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Inflation data drops like a lukewarm crypto rally—teasing optimism but leaving traders wanting more.
The headline hustle: July’s CPI clocked in at 2.7%, barely edging past expectations. Not exactly deflationary rocket fuel.
Core reality check: That sticky 3.1% core rate? Proof the Fed’s 'mission accomplished' banner is still in the printer—along with their 2% target.
Markets yawned. Gold bugs shrugged. Crypto barely flinched—because let’s face it, we’ve seen worse from a single Elon tweet.
The kicker: Another month of Wall Street economists pretending they can predict inflation while struggling to split a dinner bill.
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