US inflation falls again, but don’t expect the RBA to cut rates just yet

[Pelican Press 0]

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US inflation falls again, but don’t expect the RBA to cut rates just yet

*********** homeowners are unlikely to get the Christmas present they were hoping for from the Reserve Bank, with rates likely to be held on hold, although economic conditions might support an outsized rate cut in February, economists predict.

US Inflation cooled to 2.4 per cent in September 2024, according to consumer price index data released by the Labor Department on October 10.

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