By Phil Franz-Warkentin
Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- Annual inflation in the United States dipped to its lowest level in more than three years in July, with the 2.9 per cent year-on-year increase in consumer prices down from 3.0 per cent the previous month, according to a report from the U.S. Labor Department. Consumer prices were up by 0.2 per cent monthly. The slow down in inflation was seen as increasing the likelihood of an interest rate cut from the Federal Reserve in September.
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By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
- Ukraine advanced further into Russian territory, gaining more ground in the Kursk region, according to Ukrainian President Volodymyr Zelenskyy. Meanwhile, the governor of Russia’s Belgorod region declared a state of emergency as daily shelling by Ukrainian forces destroyed buildings and killed civilians.
- Japanese Prime Minister Fumio Kishida announced Wednesday that he would step down from his position, stating that “politics cannot function without public trust.” Kishida was facing mounting public dissatisfaction over political scandals and the rising cost of living in the country. The ruling Liberal Democratic Party will choose a new leader in September.
