UK inflation picks up to hotter-than-expected 3.8% in July | Latosha Hostert efLh on Binance Square

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UK inflation picks up to hotter-than-expected 3.8% in July

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Powell indicates conditions ‘may warrant’ interest rate cuts as Fed proceeds ‘carefully’ Fed Chair Jerome Powell on Friday gave a tepid indication of possible interest rate cuts ahead as he noted a high level of uncertainty that is making the job difficult for monetary policymakers. “With policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance,” he said during his annual address at Jackson Hole, Wyoming. While not addressing White House demands for rate cuts specifically, Powell did note the importance of Fed independence

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Japan’s July exports clock steepest plunge in over four years, dropping by a more than expected 2.6% The fall was sharper than the 2.1% contraction expected by economists polled by Reuters. Exports to the U.S. also continued to fall, dropping 10.1% in July. While the effects of the 15% tariffs will not show up until the August data, analysts have warned about their impact on the Japanese economy. #bearishmomentum

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The producer price index, which measures final demand goods and services prices, jumped 0.9% on the month, compared to the Dow Jones estimate for a 0.2% gain Excluding food and energy prices, core PPI rose 0.9% against the forecast for 0.3%. Excluding food, energy and trade services, the index was up 0.6%, the biggest gain since March 2022. On an annual basis, headline PPI increased 3.3%, the biggest 12-month move since February and well above the Fed’s 2% inflation target. #PPIData

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Stocks rose Tuesday as investors breathed a sigh of relief that a tamer-than-expected inflation report might give the Federal Reserve the green light to cut interest rates next month. $BTC $ETH #RateCutExpectations

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The consumer price index increased a seasonally adjusted 0.2% for the month and 2.7% on a 12-month core CPI increased 0.3% for the month and 3.1% from a year ago. #CPIdata

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