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Mike Shedlock, author / blogger at MishTalk, highlights that upcoming CPI and PCE inflation forecasts strongly hint at further interest rate hikes by the Federal Reserve.
He notes that the next CPI and PCE reports are scheduled for July 14 and July 30, and raises the question of what could be ahead for monetary policy.
In recent commentary, Shedlock questioned the label of an 8% and falling recession probability as doom porn. He has also highlighted uncertainty over the location of Iran's frozen assets, stating that the largest share is likely held in China. These posts add further context to his focus on shifting economic conditions and international risks.