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US weak Inflation sends dollar down and stock futures up

EURUSD News by Newsroom on 10:45 Octuber 10, 2019 EST


Collapsing energy costs kept US consumer steady last month according to government data released today.

The Consumer Price Index held steady in September, reversing recent moderate gains despite historically low unemployment and rising wages.

The latest figures are unlikely to change views among Federal Reserve policymakers, many of whom fear the US economy is increasingly vulnerable. The Fed later this month is expected to cut interest rates for the third time in 2019.




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