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US consumer inflation heats up but unlikely to deter rate cut
US consumer inflation heats up but unlikely to deter rate cut
Economy
by  AFP

US consumer inflation rose last month to its highest level since January, government data showed Thursday, although analysts believe that this is unlikely to deter the central bank from an interest rate cut next week. All eyes are on inflation numbers this week, given that these typically have some bearing on the Federal Reserve's interest rate decisions.