Slower US consumer price growth boosts rate cut hopes

Updated May 15 2024 - 10:50pm, first published 10:48pm
Consumer prices in the US rose by less than expected in April, boosting expectations of a rate cut. (AP PHOTO)
Consumer prices in the US rose by less than expected in April, boosting expectations of a rate cut. (AP PHOTO)

US consumer prices have increased less than expected in April, suggesting that inflation resumed its downward trend at the start of the second quarter in a boost to financial market expectations for a September interest rate cut.

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