Tame US CPI eases rate-hike fears, lifts risk appetite
MUMBAI, 13 AUGUST: US headline CPI rose 3.4% YoY in July, matching consensus, cooling from June’s 3.5%. Core CPI held at 2.5% YoY, also in line with forecasts. The soft print led markets to pare back bets on an aggressive Fed move at the September meeting, with gold rallying above $4,400 — a two-month high…
