Tuesday, 24 December 2024
Measures of underlying inflation cooled in the US and Europe in recent months, which could prompt the central banks to leave interest rates on hold, Bloomberg and Reuters reported.
The US core personal consumption expenditures price index, which strips out the volatile food and energy components, edged up just 0.1% in August, the smallest advance since late 2020. A similar metric in the euro zone showed the smallest annual increase in two years.
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