With inflation down, people are talking rate cuts. The European…

FRANKFURT, Germany (AP) – The inflation plaguing European shoppers has fallen faster than expected. The economy is in the dumps. That has people talking about interest rate cuts by the European Central Bank, perhaps as soon as the first few months of next year. No rate move is expected at the bank’s policy meeting Thursday, and analysts say ECB President Christine Lagarde is highly unlikely to confirm any plans to cut. She may even warn that it´s too early to declare victory over inflation despite how it’s improved. Like the ECB, the U.S. Federal Reserve and other central banks are running into market expectations that they will trim rates to support flagging economic growth now that price spikes have eased.…

Source: Daily Mail Online
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