Global Update: Expectations of interest rate cut in America increased, June CPI data at 3 year low
Zee Business Video Team | Updated: July 12, 2024 10:48 AM IST
Expectations of interest rate cuts increased in America. June CPI data at 3 year low. Retail inflation stood at 3% in June, the estimate was 3.1%. Core CPI at 3.5 year low. September rate cut estimate increased to 85%. 50% experts expect 2nd rate cut by December.
