Financial Times on Nostr: nostr:note1640drxeuuja3jdc208dq37p4qaqe79etfrnnf8gepp00n0utk3dsjycs5u

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US Inflation Falls to Three-Year Low as Gas Prices and Vehicle Costs Drop
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#f9660aca ver:1.36

US inflation fell to a three-year low of 3% in June, driven by lower gas prices and vehicle costs. The drop in inflation could lead to interest rate cuts by the Federal Reserve. However, economists warn that inflationary pressures still exist. The CPI report suggests that inflation is nearing the Fed's 2% target. The better-than-expected report raises hopes for rate cuts in September and December. Gasoline prices fell 3.8% in June, while used vehicle prices dropped 1.5% for the month. #inflation #economy #FederalReserve...

#newstr #UsInflation #FederalReserve #InterestRates #GasPrices #VehicleCosts

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