US June Inflation Cools as China Q2 Growth Slows More Than Expected
Updated
Updated · Bloomberg · Jul 19
US June Inflation Cools as China Q2 Growth Slows More Than Expected
3 articles · Updated · Bloomberg · Jul 19
Summary
June US consumer inflation came in softer than expected, prompting investors to scale back bets on a Federal Reserve interest-rate increase later this month.
That cooling eased immediate pressure on the Fed, making the inflation print the key market-moving development in the latest global data.
China’s economy, by contrast, slowed more than expected in the second quarter, underscoring weaker momentum in the world’s second-largest economy.
That slowdown is increasing pressure on Beijing to step up public spending if it wants to meet this year’s growth target.