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Another soft inflation print is unlikely to halt the Fed

• Many investors are sceptical of the Fed’s insistence that the recent declines in inflation are ‘transitory’, and today’s release will do little to bring those sceptics back in to line with the Fed’s view
• Headline inflation may have edged higher in July, from 1.6% to 1.7%, but core inflation was unchanged at just 1.7%

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