Forex
US Inflation Eases as Fed Prepares for Next Move
US inflation figures were released on Wednesday, showing a 3.4% annual increase in July, down from 3.5% in June.
The reading was in line with consensus cited by FXStreet, and core consumer price inflation eased to 2.5% in July, also in line with expectations.
Analysts at Barclays and TD Economics said the report would likely keep policymakers on the sidelines for now, as the Federal Reserve's next rate decision is on September 16.