MARKET ANALYSIS: JULY CPI BARELY REACHED THE FED ' S TROOP-FREE THRESHOLD IN SEPTEMBER

Bill Adams, the chief American economist for the fifth Third Commercial Bank, said that the July CPI report barely reached a threshold sufficient to drive the Fed to maintain interest rates at its next meeting in September. He noted that Federal Reserve policymakers had already released signals in July that core inflation would have to improve between now and the September meeting if interest rates were to be avoided。