Global Update: Expectations of interest rate cut in America increased, June CPI data at 3 year low

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.

Updated on: July 12, 2024, 10.48 AM IST
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