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CPI Drop Sparks Market Shift | Charleston News
Inflation just dipped slightly, and Wall Street is buzzing—July’s CPI rose only 0.1% month-over-month, with annual inflation at 3.4%, down from the prior month. Even core inflation (excluding food and energy) edged up just 0.2%. The real market mover? Expectations: cooler-than-anticipated numbers fuel hopes for Fed rate cuts, while hotter readings could keep rates high longer. Though CPI tracks national trends, your personal costs—like rent—might not match the averages. And remember: inflation reports shape interest rate bets, not the actual rates you pay on loans or cards. Stocks may soar…
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