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Fed starts interest rate meeting as inflation continues to cool
Fed starts interest rate meeting as inflation continues to cool
by  AFP

The US Federal Reserve on Tuesday kicked off a two-day meeting to set its benchmark lending rate, with fresh signs of cooling inflation increasing the chance it will pause its aggressive cycle of rate hikes. The Fed has raised its benchmark lending rate by five percentage points to between 5.00 and 5.25 percent since March last year.

US consumer inflation eases for 11th straight month
US consumer inflation eases for 11th straight month
by  AFP

Consumer inflation in the United States cooled for an 11th straight month on an annual basis in May, the Labor Department said Tuesday, in an encouraging sign for policymakers. On a monthly basis, CPI rose 0.1 percent in May, decelerating from 0.4 percent in April, the Labor Department said.

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