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Dollar treads water after tame US inflation report, yen rally stalls
NEW YORK, July 26 (Reuters) - The dollar ended little changed on Friday, pressured by a fall in Treasury yields after a tame U.S. inflation report that investors said kept the runway for the expected September Federal Reserve easing clear.The Commerce Department's June personal consumption expenditures (PCE) price index nudged up 0.1%, as expected, after being unchanged in May, underscoring an improving inflation environment.
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US inflation rises moderately, consumer spending cools
WASHINGTON, July 26 (Reuters) - U.S. prices increased moderately in June as the declining cost of goods tempered a rise in the cost of services, underscoring an improving inflation environment that could position the Federal Reserve to begin cutting interest rates in September.
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