U.S. core consumer price index (annual rate) for July, unadjusted: 2.5%

U.S. July unadjusted core CPI annual rate hit 2.5%, in line with expectations and down from the prior, signaling easing inflation without disrupting Fed easing bets.

The unrevised core consumer price index (annual rate) for July in the United States came in at 2.5%, in line with expectations, down from the previous reading of 2.6%. As the figures met forecasts, it indicated that inflationary pressures were easing slightly. This did not significantly affect the market’s expectation of further policy easing by the Federal Reserve, keeping the liquidity environment stable.