US inflation resumes downward trend, boosts rate cut hopes
Edited By WION Video Desk
Published: May 16, 2024, 05:35 IST | Updated: May 16, 2024, 05:35 IST
US consumer prices increased less than expected in April, suggesting that inflation resumed its downward trend at the start of the second quarter in a boost to financial market expectations for a September interest rate cut.
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