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U.S. inflation rate ticks up for first time in a year, to 3.2{dec8eed80f8408bfe0c8cb968907362b371b4140b1eb4f4e531a2b1c1a9556e5}

Inflation in the United States rose in July after 12 straight months of declines, boosted by costlier housing. But excluding volatile food and energy prices, so-called core inflation matched the smallest monthly increase in nearly two years. The inflation figure the government reported Thursday showed that consumer prices increased 3.2 per cent from a year earlier….

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CPI Thursday – Oil Hit $85 this Morning but Traders are Betting the Fed is Done

Has the Fed done enough? The US report on consumer prices will be critical for investors trying to determine whether the Fed will stop raising interest rates. It’s expected to show a second straight reading for so-called core inflation that is consistent with the Fed’s 2{dec8eed80f8408bfe0c8cb968907362b371b4140b1eb4f4e531a2b1c1a9556e5} target on an annualized basis, according to a preview from…

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Hawaii wildfires scorched land ‘like an apocalypse’

Drone and helicopter footage shows neighbourhoods burnt to the ground, after fast-moving wildfires tore through the Hawaiian island of Maui. The deaths in the city of Lahaina, the island’s main tourist destination, came as strong winds from a distant hurricane fanned the flames. Thousands of people have been forced to evacuate their homes and a…

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