This post was originally published on The Economic Times
(Bloomberg) –Inflation cooled in the US and Europe, setting the stage for policymakers in both regions to lower interest rates in September.
On a three-month annualized basis, the Federal Reserve’s preferred measure of underlying US inflation advanced 1.7% in July, the slowest this year. In Europe, consumer prices rose 2.2% in August from a year ago — the tamest since mid-2021 and significantly lower than the 2.6% pace a month earlier.
Meantime, inflation in Tokyo — a leading indicator of the national data due in September — picked up speed in August, supporting the case for the Bank of Japan to continue raising rates at a gradual pace as the bank balances the need to support the economy.Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy, markets
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