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EN590 Commodities GroupUrea / Fertilizer 2026-07-14T17:08:29+00:00
WASHINGTON, July 14 (Reuters) - U.S. consumer inflation slowed more than expected in June as energy prices retreated, but the moderation was insufficient to convince financial markets to take an interest rate increase from the Federal Reserve this year off the table against the backdrop of renewed conflict in the Middle East. The report from the Labor Department on Tuesday, which also showed underlying inflation subsiding last month, gave officials at the U.S. central bank some breathing room when they meet later this month, economists said. They, however, cautioned that June's Consumer Price Index data had been overtaken by the recent escalation in hostilities between the U.S. and Iran. Fed Chair Kevin Warsh told lawmakers on Tuesday the central bank had "no tolerance for persistently e
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