Wall Street’s main indexes have edged higher in choppy trading after data showed inflation was moderating as expected, cementing wagers that the US Federal Reserve is on track to start its policy easing cycle next month.
Labor Department data showed US consumer prices rose 0.2 per cent as expected in July, taking the headline inflation to 2.9 per cent year-on-year from 3.0 per cent in June, below economists’ expectations of 3.0 per cent growth.
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