US markets await several key economic indicators this week, starting with the Consumer Price Index (CPI) on Wednesday, followed by the Producer Price Index (PPI) and jobless claims on Thursday. Market pricing indicates a 39.5% probability that US annual inflation will be 3.1% or less in July, up from 32% twenty-four hours earlier. The probability of a Federal Reserve rate hike by September 2026 stands at 35.5%, down from 36% the previous day. Lower-than-expected inflation could support risk asset growth, while a higher-than-expected CPI would put pressure on stocks, gold, and cryptocurrencies.
Source: Read the original article
