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#CPI data release: bullish or bearish?#

The CPI measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

US CPI DATA CAME IN AT 2.9 %
EXPECTATIONS: 3.0%
THIS IS BULLISH 🔥
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