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Consumer prices in the United States increased only in June, but the underlying trend continues to indicate a steady increase.
To this is added another positive fact: claims for unemployment benefits fell to a minimum of two months last week. With this prospect, the Federal Reserve (Fed) could maintain its trajectory of rising rates, which has already had two increases so far this year.
Prices in the United States rose 0.1% in June, slightly less than expected. In a radio interview to be aired next Thursday, Fed Chairman Jerome Powell said, "I think the economy is really in a good shape." However, he said that he "does not declare victory over inflation". Referring to the package of taxes and expenses promoted by Donald Trump, the head of the US central bank stressed: "It will see significant support for … economic activity probably at least for the next three years" , he said.
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