Reported about 17 hours ago
Inflation rates in the US and UK fell last month, positively impacting bond prices and increasing speculation about potential interest rate cuts. In the US, the core consumer price index decreased for the first time in six months, driven by reduced hotel, medical care costs, and modest rent increases. Meanwhile, UK inflation unexpectedly dropped for the first time in three months, influenced by lower travel costs. The International Monetary Fund has also raised its global growth forecast, citing stronger US demand and cooling inflation.
Source: YAHOO