The Federal Reserve has been handed valuable breathing room by two consecutive downside inflation surprises, but the same cannot be said for other major central banks. Softer-than-expected US CPI and PPI confirmed that inflation pressures eased materially through the end of the second quarter, allowing policymakers to remain patient rather than rush into another rate […]The post Soft US Inflation Gives Fed Time While Oil Surge Puts ECB Back Under Pressure appeared first on ActionForex.