U.S. inflation rises again and stays well above the Fed’s target. A rate hike could be in play.

Core PCE inflation accelerated in July, remaining well above the Fed's 2% target, signaling potential upward pressure on monetary policy. The data could shift expectations toward a rate hike at the Fed's next meeting, which would reverse the recent easing cycle and impact equity valuations, bond yields, and currency pairs. Traders will need to reassess positioning in risk assets and duration bets pending the Fed's formal guidance.

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