Euro-Zone Inflation Slows Below 2%, Backing More ECB Rate Cuts

Euro-area inflation eased more than expected, dipping below the European Central Bank's 2% target and supporting the case for interest rates to be lowered further.
Consumer prices rose 1.9% from a year ago in May, down from 2.2% in April and below the 2% median estimate in a Bloomberg survey of economists, data Tuesday showed. A core gauge excluding volatile items like food and energy moderated to 2.3%, while pressures in the closely watched services sector cooled markedly.

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OKRs Tool's New Report: 68% of Startups Reach $1M ARR Faster with OKRs

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28 minutes ago

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Powell comments, consumer confidence, PCE: What to Watch

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