The decline in CPI from 9.1% in June to 8.5% in July is largely driven by the retreat in energy prices last month. However, one month’s data point does not make a trend.

While I'm cautiously optimistic that the inflation has peaked, it would be prudent to monitor theCPI data over the coming months for reaffirmation, before drawing any conclusion.

Likewise, I doubt that the Fed will be swayed and alter its stance based on softer CPI in a single month. While inflation has eased, it is still unacceptably high and far from the Fed's target.

Hence, I expect the Fed to continue hiking interest rate by 50-75 basis next month.

@TigerWire

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  • Samlunch
    ·2022-08-11
    Yes hike will continue and QT will continue. Sell calls into this rally. IT will reverse
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  • neosg
    ·2022-08-11
    got to monitor more
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  • Hosay_hosay
    ·2022-08-11
    [Cool][Cool][Cool]
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  • 企鹅大人
    ·2022-08-11
    [smile]
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  • chefbean
    ·2022-08-11
    Heee
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  • Sandyboy
    ·2022-08-11
    Ok
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  • Chiweii
    ·2022-08-11
    Agree
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  • HawTK
    ·2022-08-11
    Good
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  • Yyyyyyyjjjjj
    ·2022-08-11
    Ok cna
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  • PG123
    ·2022-08-11

    Like

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  • RobinChanKH
    ·2022-08-11
    up
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  • AhLim
    ·2022-08-11
    ok
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  • Ealmighty
    ·2022-08-11
    k
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  • Travis.s
    ·2022-08-11
    H
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  • Mrzorro
    ·2022-08-11
    Ok
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