CPI Data Aligns with Expectations, Suggesting Stable Interest Rates

The upcoming Consumer Price Index (CPI) data release is expected to align with market expectations, which could indicate that the Federal Reserve will hold interest rates steady.

The CPI has been decreasing, dropping from 4.2% in May to 3.5% in June 2026, and this trend suggests that inflation may be under control.

The current market pricing for a September rate hike has decreased significantly, with the likelihood of a hike now at just 32%, down from 42% just 24 hours ago.