Coinbase Markets 🛡️ (@CoinbaseMarkets): Last week’s data gave markets plenty to digest.
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Last week’s data gave markets plenty to digest. US CPI: 3.4% YoY - in line with expectations Core CPI: 2.5% YoY - in line PPI: 0.0% MoM - below +0.2% expected Retail sales: -0.6% MoM - below expectations Inflation data came in broadly softer or in line, while retail sales delivered the larger downside surprise. This week, attention turns to the Fed. FOMC minutes land today, offering more detail on how policymakers viewed the balance between inflation and growth at the July meeting.