Two Inflations, One Dollar

MumbaiOnion prices rose 22.54% in July.

Only one of Wednesday’s two inflation prints sets the price of dollar credit worldwide.

India’s 4.45% reading tracks a weak monsoon, while the US’s 3.4% tracks tariffs and Fed policy.

The Fed’s Kevin Warsh next speaks at Jackson Hole, before September’s rate vote.

Sources: The New York Times, News18, The Guardian