Slowing Inflation May Relieve Pressure on the Fed

Bloomberg Quicktake: Now published this video item, entitled “Slowing Inflation May Relieve Pressure on the Fed” – below is their description.

US inflation decelerated in July by more than expected, with markets immediately pricing in a softer approach from the Fed. But the good news may only be a result of a decline in gasoline prices, with underlying pressures little changed. Here’s what you need to know about today’s data release. Presented by @CME Group: https://www.cmegroup.com/openmarkets/quicktake-by-bloomberg.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insights

Bloomberg Quicktake: Now YouTube Channel

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About This Source - Bloomberg QuickTake: Now

Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.

It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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