WS #13186

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Fed held rates at 3.5-3.75% with 3 dissents favoring hikes, while June CPI (3.5%) and PPI (-0.3%) came in cooler than expected, but core PCE remains elevated at 3.4%.

Fed hawkish hold and inflation data

Fed held rates at 3.5-3.75% with 3 dissents favoring hikes, while June CPI (3.5%) and PPI (-0.3%) came in cooler than expected, but core PCE remains elevated at 3.4%.

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