Good news for American consumers
The US stock market quickly reacted positively to the fresh news about the inflation rate in the country.
Inflation in America has reached 2.9%, the lowest since 2021.
The housing and rental rates, one of the significant factors in the interest rate increase in America, have also shown less growth.
The mortgage rates in America have been accompanied by a decrease, creating more hope for housing seekers. It should be noted that the decrease in inflation rates in America was accompanied by a slight increase in inflation in Britain, and it should be noted that the volatility in energy prices in America is more controllable than in Britain.
The UK stock markets also did not show a negative reaction to this trend. Investors’ hopes in the stock market have increased due to the Federal Reserve’s actions to reduce interest rates. Amidst this, concerns about another serious economic recession are not significant, and the Federal Reserve may not make a substantial cut in interest rates.
These good news are set to overshadow Trump’s economic speech today. It will likely upset him.
Persian
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