Stocks advance as US inflation data raises rate cut hopes
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Global stock markets mostly rose on Wednesday after further evidence of cooling US consumer price inflation bolstered the prospect of a September interest rate cut. The US consumer price index (CPI) rose 2.9 percent last month from a year ago, its smallest 12-month increase since March 2021. The Dow Jones Industrial Average closed up 0.6 percent. Fed policymakers are tipped to cut US rates by 25 basis points at their September meeting, followed by at least one more cut before December. Weak inflation and jobs data "may give the Federal Reserve greater confidence to accelerate its pace of interest rate cuts."

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https://www.nst.com.my/business/economy/2024/08/1091729/stocks-advance-us-inflation-data-raises-rate-cut-hopes