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GOLDMAN: JULY CPI SUPPORTS SEPTEMBER HOLD Goldman Sachs Asset Management called July CPI “encouraging,” saying contained core inflation strengthens the case for the Fed to hold rates steady in September. Lindsay Rosner said the report adds to signs that underlying inflation is moderating. However, another inflation report is due before the September FOMC meeting, meaning the outlook could still shift. For now, the in-line CPI print supports a Fed pause. $XAU