Rate-Hike Odds Tumble As US Consumer Price Inflation Prints Slowest Since Pre-War

US July CPI seen rising moderately, Fed rate outlook in focus

US July CPI rose 0.1% monthly and 3.4% annually, easing Fed tightening expectations despite core inflation above the 2% target. Improved visibility on policy path could stabilize IT budgets and reduce pressure on cloud capex decisions through year-end.