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US inflation eased for a second month in July, with consumer prices rising 3.4% from a year earlier, down from 3.5% in June, exactly as economists had forecast, a reading that hands neither side of a divided Federal Reserve fresh ammunition before next month's rate decision.
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Gold hits a two-month high. Expensive oil and expectations of higher interest rates do not change this. What factors investors should keep an eye on now.
WTSL, the investment firm led by former Endeavor executive Patrick Whitesell, is making the strategic investment in the podcast company
U.S. inflation slowed last month and a measure of underlying price pressures also cooled, as higher oil and gas prices had a limited impact on broader costs in the economy.
David Kelly, JPMorgan Asset Management's chief global strategist, sees a disinflation trend in the US stemming from lower tariff costs and oil eventually flowing out of the Strait of Hormuz.
Sri Lankan shares closed higher on Wednesday, led by gains in information technology and real estate stocks. The CSE All-Share index settled up 0.07% at 21,418.57.
Wintermute will reportedly invest $1 billion in AI infrastructure and high-frequency trading as part of its expansion into traditional finance.