Europe is beating inflation. Why can_t America declare victory? Inflation may have tumbled from multi-decade highs on both sides of the Atlantic, but progress has stalled in the United States, with the Federal Reserve now expected to start cutting interest rates well after its European counterpart. Annual US inflation, as measured by the Fed_s preferred gauge, the Personal Consumption Expenditures index, came in at 2.7% in March, accelerating from 2.5% in February. ...
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