Markets Consolidate After July US CPI Comes In as Expected
The week of August 10–14 was subdued after US July CPI landed in line with or slightly below consensus, with no panic or capitulation and a slow drift higher in markets.
The week of August 10–14 was relatively calm following the release of US CPI data for July. The inflation print came in as expected or slightly cooler, and no panic or capitulation followed.
Traders observed a slow drift higher in markets, according to the update. Price action reflected consolidation rather than a sharp directional move.
Source: FXStreet Forex News