A quick reading on policymakers’ reaction may come from Fed officials Charles Evans and Neel Kashkari who are due to make speeches at 1500 GMT and 1800 GMT, though they will have another set of price data in August before September’s policy meeting. “A one-off sharp drop in CPI at this point should not mean that much to the Fed,” said NatWest Markets’ rates strategist Jan Nevruzi.
