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Markets adjust to central bank moves; all eyes on earnings season
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Excluding volatile food and energy prices, the so-called core consumer price index increased 5.9 per cent.
PHOTO: AFP
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SINGAPORE - Could the US Federal Reserve ramp up its key lending rate by 1 percentage point?
That became the topic of discussion last week after US inflation surged by 9.1 per cent in June, well above market estimates of about 8.8 per cent. And this comes on the heels of hot jobs data for last month, released a week ago.
