【Prediction Correct】 US July CPI announced as 3.4%, probability of unchanged interest rate in September increased by 10%

According to PolyBeats monitoring, in the prediction market Polymarket, the question "Is the U.S. annual inflation rate for July 3.4%?" reported by this channel yesterday has now settled as "Yes".

The U.S. Labor Department's July CPI data released yesterday showed that the U.S. July CPI rose by 3.4% year-on-year, lower than June's 3.5%; the core CPI rose by 2.5% year-on-year, also lower than June's 2.6%.

Following the CPI data, short-term trends in crypto, gold, and U.S. stocks all exhibited a pattern of initial decline followed by recovery. In addition, concerns about the Fed continuing to raise interest rates in September eased, with the probability of the Fed keeping interest rates unchanged in September rising from around 56% before the data was released to about 66.5%.
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Original article link: https://t.me/PolyBeats_Bot/1716