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fxJul 15, 2026, 10:16 AM

US CPI Miss Weighs on Dollar, Fed Rate Hike Bets Fade

June US CPI came in below expectations, putting pressure on the dollar. Markets still price a September rate hike but overall hawkish sentiment is easing.

June US CPI figures missed consensus estimates, triggering a selloff in the US dollar across FX markets.

Despite the softer inflation print, some market participants continue to anticipate a Federal Reserve rate hike at the September meeting. However, the broader hawkish repricing appears to be losing momentum.

The data release underscores ongoing disinflationary trends, which may limit further USD upside in the near term.

Source: FXStreet Forex News