US CPI data due Wednesday, core expected just under 3% y/y ...Middle East

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Both headline and Core are expected higher from the previous month.

Its not just CPI that is expected to be higher for longer:

Deutsche Bank warns of a higher for longer Fed rates, a growing risk to US borrowersICYMI: Citi also forecasts Fed interest rates higher for longer, see Sept cut (from July) This article was written by Eamonn Sheridan at www.forexlive.com.

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