US consumer inflation sees smallest annual rise since 2021, boosting hopes for interest rate cuts

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WASHINGTON, Aug 15 — US consumer inflation eased slightly in July, according to government data published yesterday, its...

With futures traders overwhelmingly expecting the Fed to cut interest rates in September, according to data from CME Group, the question is how big its first cut will be.

In other good news for the Fed, economic growth remains positive, and the labour market has shown signs of coming into better balance without a dramatic rise in the unemployment rate.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Interest rates US consumer inflation Federal Reserve

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-15 @ 10:40:41 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 652 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 29 words per sentence (average)

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Copyright Owner: © Malay Mail

News ID: 22083077

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Main Topics: EconomyBusiness

Official Website: malaymail.com

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