US Inflation Hits 9.1% on Soaring Gas Prices, Sky-High CPI to Embolden Fed Hawks
US INFLATION DATA KEY POINTS: June U.S. inflation spikes 1.3% on a seasonally adjusted basis and 9.1% over the last 12 months, well above expectations Core CPI rises 0.7% m-o-m and 5.9% y-o-y, also above estimates Unrelenting inflationary pressures will likely seal the deal for another 75 basis points hike at the July FOMC meeting …
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