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The Consumer Price Index (CPI) fell 0.1% month-on-month (m/m), below the consensus forecast calling for a modest 0.1% gain. On a twelve-month basis, CPI edged lower by 0.3 percentage points to 3.0%. Lower energy prices – largely attributed to a 3.7% decline in gasoline prices – helped to push down on the headline measure. Grocery […]

The post US: Inflationary Pressures Cool Faster than Expected in June, Bolstering Case for September Rate Cut appeared first on Action Forex.

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31/01/2024

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