U.S. CPI Comes In at 3.4%, Matching Forecast

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U.S. inflation eased in July, with consumer prices rising 3.4% year over year, matching the 3.4% forecast and slowing from 3.5% previously. Consumer prices rose 0.1% month over month, also in line with expectations. Core CPI, which excludes food and energy, increased 0.2% month over month and 2.5% year over year, both matching forecasts. The …