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Core CPI Still Climbing, Moving Fed Further From QE3

posted by Avatar FXTimes 703 days ago in USD, Fundamental, Inflation

Consumer price data showed the headlines CPI fall in the month of June, for the first time in a year. The index slid 0.2%, around expectations. Looking at the underlying rate however, we see a second straight month of rather strong increase, a 0.3% climb. That confirms for us what Fed Chairman Bernanke had talked about, the fact that in current con
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