July will be last hike absent plan

Seher Dareen, "Gold hits 4-week peak as Fed seen nearing end of rate hikes," Reuters, 7-13-2023, https://www.reuters.com/markets/commodities/gold-holds-steady-hopes-fed-nearing-end-rate-hikes-2023-07-13/-- 嘉玮

With two weeks left before the Fed's next meeting, and data showing fewer jobs being added and inflation slowing in June, there are expectations that the next rate hike could be the last, Carlo Alberto De Casa, external analyst at Kinesis Money, said.

U.S. consumer prices rose modestly in June, registering their smallest annual increase in more than two years as inflation continued to subside.

Investors' focus turns on Thursday to initial jobless claims data for the week to July 8 - which is expected to deliver a reading of 250,000 versus 248,000 the prior week - and June's producer price index data.