Gorakhyad (gorakhyad)
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US inflation ticked up: CPI +2.9% y/y in August; core +3.1%. Shelter and food still doing the heavy lifting. Soft disinflation, not mission accomplished.
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Eurozone jobless at 6.2% (July). Labor market still resilient—even as growth is tepid. That resilience buys the ECB time.
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