USD: US inflation predicted to fall

Last Friday, the Federal Reserve published a report warning of the potential for financial distress that may damage the economy if interest rates rise to steeper levels than expected. some of the risks included “unacceptably high” inflation, a weaker global economy, and geopolitical turmoil.

This comes ahead of annual inflation data on Thursday which is expected to fall gently to 8.1%. If it does, this would point to the 4th consecutive month of slowed rates.

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