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China’s CPI inflation arrives at 0% YoY in July vs. -0.1% expected

China’s Consumer Price Index (CPI) was unchanged at an annual in July after rising 0.1% in June, the National Bureau of Statistics of China reported on Saturday. The market consensus was for -0.1% in the reported period.

Chinese CPI inflation came in at 0.4% MoM in July versus June’s 0.1% decrease.

China’s Producer Price Index (PPI) fell 3.6% YoY in July, following a 3.6% decline in May. The data came in lower than the market consensus of -3.3%.  

China Producer Price Index (YoY) below forecasts (-3.3%) in July: Actual (-3.6%)

China Producer Price Index (YoY) below forecasts (-3.3%) in July: Actual (-3.6%)
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Fed’s Bowman: Latest jobs data stiffens support for three rate cuts this year

Federal Reserve (Fed) Governor Michelle Bowman said on Saturday that the latest weak labor market data underscores her concerns about labor market fragility and strengthens her confidence in her own forecast that three interest rate cuts will likely be appropriate this year.
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