US Inflation Data Will Be Announced


US inflation data will be announced today at 15:30 CET. The expectation is that there will be no change in core data on a monthly basis and that it will decline to 4.3% on an annual basis. Headline inflation is expected to rise to 3.6% annually and 0.6% monthly.
This may strengthen the hand of those who oppose further interest rate hikes by the Fed.
It seems almost certain that the Fed will skip September.
However, the increase in energy costs will affect the whole world, including the Turkish economy.
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