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July's U.S. CPI annual increase of 2.9% fell short of the 3.0% forecast and marked a 40-month low. Core CPI matched the 3.2% prediction, a slight decrease from 3.3%, and hit a 39-month record low.
The U.S. CPI for July dipped below expectations, suggesting a persistent but resilient inflation, reflective of an active economy yet overshadowed by recession fears. Market consensus sees a Federal Reserve rate cut in September as likely...

herd on Wall Street moving

The Bank of Canada delivered a second straight cut to its key interest rate after a quarter-point reduction in June and signaled that further cuts may be forthcoming due to mounting concerns over economic headwinds.
The Bank of Canada lowered its overnight rate target to 4.5% from 4.75% on Wednesday, citing growing economic slack, a significant cooling in the job market, and stagnating household spending as consumers increase s...

SMCI Q4 FY2024 earnings conference call is scheduled for August 6 at 5:00 PM ET/August 7 at 05:00 AM SGT/August 7 at 07:00 AM AEST. Subscribe to join the live earnings conference with management NOW!
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This presentation is for informational and educational use only and is n...