Macro - Weekly Briefings - US

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Macro - Weekly Briefings - US

Risk assets rallied and investors reassessed their Fed rate hike expectations after July CPI inflation came in below expectations. The inflation reprieve and lower inflation expectations in early August are welcome developments, but it's too early to declare victory in the fight against high inflation. We expect inflation to remain persistently high through H2 2022, and caution that risks remain tilted to the upside.

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