in August, putting pressure on the U.S. Federal Reserve to unleash another interest rate hike at its meeting next week.
“We knew that gasoline prices would go down, but the surprise is that [they] are broadly based increases.” “First, central bankers can’t get complacent after seeing small improvements in price growth. And, second, strong inflationary pressures are likely still being imported from the U.S.,” Mendes said over email Tuesday.
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