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The Tell: Commodity price declines may shape Fed’s rate-hike path, says economist

The Tell

July’s CPI will be the one to watch, says economist

Energy costs are a key factor of high inflation around the globe. A sharp pullback in oil prices this week, could shift the Federal Reserve’s rate-hiking plans, according to a Capital Economics report.

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A significant downturn in commodity prices could give the Federal Reserve cover to change its aggressive pace of planned interest rate hikes, according to a report from Capital Economics.  

The central bank still looks posed to fire off another 75 basis point interest-rate hike later this month, with most Fed officials showing support for the move. The view was fortified by Friday’s strong jobs report, indicating a faster pace of job creation than forecasters had anticipated, but also potentially a bigger challenge for the…

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