U.S. inflation was better than expected, the budget deficit did not meet their expectations

Inflation in the United States in July was 8.5%, surpassing analysts' forecasts of 8.7%. This was helped by a sharp drop in gasoline prices after Joe Biden's calls for their reduction, addressed to market players. The dollar index responded with a decline, losing 1.11% by Wednesday evening. U.S. and European stock exchanges closed in the green zone on a wave of optimism. The former gained 1.63-2.89%, the latter gained 0.25-1.23%. Gold fell 0.23% to $1,806.30 a troy ounce in the evening.

The Consumer Price Index (CFI) remained flat for the month of July, up 8.5% from the same month in 2021. The statistics are cited by the U.S. Labor Department.

The U.S. budget deficit, according to the U.S. Treasury, in July showed a significant increase compared to June and reached $211.05 billion. A month earlier, the figure was $88.84 billion. The forecast of analysts polled by Daily FX was $184 billion, Prime news agency reported.