HSBC forecasts the US July CPI: multiple core inflation components are expected to cool more than anticipated, causing both the overall CPI and core CPI to fall below market expectations.

UK government subsidies more than double in one year, with over £100 billions poured into energy transition

The US CPI report to be released next Tuesday is undoubtedly the most closely watched data of the week. Economists generally expect the annual inflation rate to slow slightly, but core inflation may remain high, reflecting persistent price pressures in the services and housing sectors. According to the latest data, the Federal Reserve remains cautious, emphasizing the need for further confirmation that inflation is sustainably approaching the 2% target before considering rate cuts.

Gold surges past $4,300 in a week; UBS analyzes four major driving forces behind the rally

New York crude oil surpassed $77 in after-hours trading, up over 1% for the day