US and China Experience Mixed Inflation Results, Implications for Economic Recovery =============== #f9660aca ver:1.16 US inflation slows in June, with CPI growth projected at 3.1%. Rent prices drive growth, while core services soften. Unemployment rate ticks up to 4.1%, GDP growth below 2%. Fed expected to cut rates in December. China's consumer price growth weakens to 1.1% in June, lowest since Oct 2020. Food prices drop, non-food prices rise. Economy faces challenges from rising commodity prices and supply chain disruptions. #inflation #economy #Fed #China... #newstr #UsInflation #China'sConsumerInflation #EconomicRecovery https://here.news/story/f9660aca?ver=1.16