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  • Inflation eases, central banks hint at rate cuts

    From sharecafe.com.au

    Inflation rates on both sides of the Atlantic continue to cool, setting the stage for interest rate cuts by key central banks later this month. In the United States, personal consumption expenditure (PCE) inflation met expectations in July, showing a modest rise both monthly and annually. Meanwhile, in Europe, inflation fell closer to the target of 2%, reaching its lowest level in three years. Economists attributed the easing in Europe's annual inflation rate to a significant decline in Germany's economy, strengthening the case for a second rate cut by the European Central Bank (ECB). The ECB is scheduled to meet on ... (full story)

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