US Inflation Cools Again, Prompting Speculation of Fed Interest Rate Cuts
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#f9660aca ver:1.54

US inflation cooled in June for a third straight month, declining 0.1% from May to June, signaling that the worst price spike in four decades is fading and may lead to interest rate cuts by the Federal Reserve. Prices were up 3% in June compared to a year earlier, cooler than the 3.3% annual rate in May. The latest inflation readings will likely convince the Fed's policymakers that inflation is returning to their 2% target. If inflation remains low through the summer, the Fed is expected to begin cutting its benchmark rate in September. #inflation #Fed #interestrates...

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