Bank of America is the latest to say it no longer sees another hike.Īnd will crude oil prices still on the backfoot and declining at a 10% year-on-year rate, the disinflation cheer spreads out across the world.Ĭatalyzing the biggest two-day gain in UK's FTSE 250 of mid-cap stocks (.FTMC) in more than three years, British inflation cooled more than expected in October as household energy prices dropped from a year ago and lopped more than two percentage points off the headline CPI rate to 4.6%. ![]() ![]() Wall St banks too seem to be falling into line.
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