Politics
US President Trump says read a very good inflation report the other day; costs are going down rapidly; as soon as the war is over, you'll see a big drop in prices; Fed Chair Warsh is great, but he has a board
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Investors view the record June CPI drop and potential end to the Iran conflict as bullish for inflation cooling, though they remain cautious about Trump's pressure on Fed independence.
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Warsh will do the right thing; I know what he wants. Rates should be lowered.
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