US Inflation Eases, Boosting Hopes for Rate Cut and China Announces Rescue Package for Property Crisis =============== #5eb626c0 ver:1.23 US inflation eases in April, boosting hopes for a rate cut by the Federal Reserve. Consumer prices rose 0.3% from March to April, down slightly from the previous month. The year-over-year inflation rate also ticked down to 3.4%. This could indicate a resumption of the slowdown in price increases. Meanwhile, China announces a rescue package for its property crisis, relaxing mortgage rules and urging local governments to buy unsold homes. The housing sector's drag on economic growth threatens millions of jobs. #inflation #ratecut #propertycrisis... #newstr #UsInflation #RateCut #JoeBiden #DonaldTrump #ChinaPropertyCrisis #ConsumerInflation https://here.news/story/5eb626c0?ver=1.23