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المشهد العربي
Hassit: Economic Data Does Not Warrant Rate Hike
An article reported that recent economic data do not currently justify raising interest rates in the United States. The director of the National Economic Council indicated that the continuation of inflation trends might lead the Federal Reserve to cut interest rates rather than raise them. Additionally, the European Union announced a plan to support industrial transformation with €30 billion, and the U.S. producer price inflation rate slowed in June by 0.3%.
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