What has changed after the US CPI report? ...Middle East

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What has changed after the US CPI report?
Yesterday, we got some goldilocks US data with another soft US CPI report and good US Jobless Claims. First of all, better than expected jobless claims should quell fears of a deteriorating labour market, at least in the short term. One thing to note is that the data might have been distorted by the shorter week as we had Independence Day last week. Nonetheless, the next week release should give a better picture.The US CPI, on the other hand, surprised to the downside and it was good news across the board. Moreover, we saw further easing in the policy sensitive OER measure with the Y/Y rate easing to 5.4% and the 3-month annualised rate to 3.6%. The Cleveland Fed new tenant index is consider

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