🚨 CPI COOLS — FED HOLD STILL FAVORED July inflation showed little cause for alarm: 🔸 Headline CPI: +0.1% M/M | +3.4% Y/Y 🔸 Core CPI: +0.2% M/M | +2.5% Y/Y 🔸 Energy: -1.5% Prediction markets still favor the Fed holding rates in September at 68.2%, versus 17% for a 25bp cut and 9.6% for a hike. For now, hold remains the base case. https://kalshi.com/markets/kxfeddecision/fed-meeting/kxfeddecision-26sep?utm_source=walterbloomberg(*Walter Bloomberg)