US inflation hits new 40-year high; euro dips below dollar for first time since 2002 – as it happened - The Guardian

Stocks fall after US inflation jumps to 9.1%, as UK economy grows faster than expected by 0.5% in May

Another inflation shocker nails on a 75bp hike this month, said Michael Pearce, senior US economist at Capital Economics. The stronger than expected 1.3% [monthly] rise in consumer prices in June, p… [+2220 chars]

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