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Daily Alert: Shocker US CPI roils markets

  • We’ve had the RBNZ meeting here in NZ yesterday afternoon, but the real highlight for international markets has been the release of the June US CPI print, which has been a source of anticipatory jitters all week
  • That print was a pretty massive upside surprise on already-lofty market expectations, showing inflationary pressures are still very strong in the US
  • The print has spurred speculation the Fed will opt for a full percentage point hike at its next meeting 

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