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Thu 08 Aug 2006Threat of US interest rate hikes recedes
The prospect of more US interest rate rises receded further yesterday as July inflation data showed price pressures continuing to ease.
The US Labor Department core consumer price index, which excludes the impact of volatile oil and food prices, rose by just 0.2 per cent in July compared with June, a slowing from the 0.3 per cent monthly increase recorded in each of the previous four months.
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