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Analyst: CPI rise driven by core goods, Fed's interest rate cut path may remain unchanged.
[Coin World] B. Riley Wealth Chief Market Strategist Art Hogan stated: "Core commodities are the real driving force behind the rise in the CPI index, but energy and housing costs have offset this impact to some extent. This report may not change the Fed's path forward, and we still expect interest rate cuts in the next three meetings."