UK Inflation At 2 1/2 Year Low Sets Up Summer Rate Cut

Rejoice: Inflation in the UK came in below estimates in key data released on Wednesday. You were all worried sick, I know. You're now free to go about the rest of your Fed day in peace. Wednesday's release showed price growth slipped to 3.4% in February, down sharply from January and the slowest annual rate since September of 2021. Economists expected 3.5% from the headline print. The slowdown was evident for most measures, including core, which rose at the slowest pace in over two years. S