US consumer prices are expected to have risen modestly in July, potentially easing market expectations of a Federal Reserve rate hike this year. However, inflation remains above the Feds target, with Middle East tensions and oil-price uncertainty keeping upside risks elevated.

NEW YORK, Aug 10 : The U.S. dollar gained as oil prices increased ahead of Wednesday's closely watched consumer price inflation report for July, after a much weaker-than-expected…

Another inflation reading comes as the Federal Reserve mulls potential interest rate hikes.

US consumer prices likely rose moderately in July, driven by easing gasoline prices and economic impacts from the Middle East conflict.

US consumer prices are expected to have risen modestly in July, potentially easing market expectations of a Federal Reserve rate hike this year. However, inflation remains above…