US interest rate cut all but certain after The Fed’s favourite inflation indicator increased as expected

[Pelican Press 0]

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US interest rate cut all but certain after The Fed’s favourite inflation indicator increased as expected

The ******* States’ central bank is certain to cut interest rates, with a 25 basis point cut now looking the most likely outcome.

The Commerce Department reported on Saturday that the personal consumption expenditures price index rose 0.2 per cent on the month and was up 2.5 per cent from the same ******* a year ago, exactly in line with the Dow Jones consensus estimates.

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