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Created: 2025-07-19 11:45:04 UTC
Major Wall Street brokerages have withdrawn their expectations for a September interest rate cut by the Bank of England, as inflation remains sticky and the labour market resilient. Britain's annual rate of consumer price inflation unexpectedly rose to its highest in over a year at XXX% in June, data showed on Wednesday. A Reuters poll of economists had expected inflation to remain unchanged at May's reading of 3.4%.
JAY MUST NOT STAY! It's PAST time to cut rates!
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Related Topics inflation bank of fed rate wall street