CPI and Core CPI
The US released CPI data for June,
Annual growth rate of 3.0%, slightly below the expected 3.1%;
Monthly growth rate of 0.20%, slightly below the expected 0.3%.
The core CPI for June rose by an annual rate of 4.8%, slightly below the expected 5.0%.
The US June CPI annual rate is a new low since April 2021, And the core CPI annual rate also fell below 5% for the first time since November 2021, Both were below expectations, seemingly optimistic data, Supporting the possibility that the Fed's rate hike may be the last, , expecting this sentiment to also boost the short-term market sentiment of Malaysian stocks.
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