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Likes ReceivedPositive news! European inflation begins to cool down.
Some European countries released their latest CPI inflation data today, with Germany, France, and Italy's CPI figures all coming in lower than expected.
This means that as oil prices fall, inflation has also decreased, and the market has lowered the probability of a rate hike in Europe this year, which is positive for the market.
Now that European inflation has started to cool, will US inflation follow suit as oil prices drop?
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