US Dollar Slumps as CPI Cools. Forecast as of 12.07.2024

US inflation declined on a month-on-month basis for the first time since the pandemic, providing further evidence that the economy is cooling. This factor is forcing the Fed to cut the federal funds rate. Let's discuss this topic and make a trading plan for the EURUSD pair.Highlights and key points Slowing US inflation has raised September cut odds to 93%. The market sees three Fed rate cuts in 2024. Slumping stock indices hampered the EURUSD's rise. The euro may soar to 1.1-1.11.Monthly US doll