US headline inflation came in at 8.5% which was lower than expected. Markets rallied while US dollar depreciated. We ask Vishnu Varathan, Head of Economics & Strategy at Mizuho Bank if peak inflation has been reached and how will the Fed react at September's FOMC meeting.

Produced by: Michael Gong

Presented by: Wong Shou Ning

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Categories:  economy,  markets

Tags:  us headline inflation,  dollar weakening,  semiconductor sector,