Uncertainty surrounds potential US interest rate cut following decline in inflation

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Inflation in the United States has seen a decline to 2.9% in the past month, according to officials. This drop from 3% in June marks the lowest rate since March 2021 and is below market expectations. Economists have widely predicted that this easing inflation will prompt the Federal Reserve to cut interest rates next month for the first time since March 2020. The central bank has maintained…

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