Price pressures were elevated or increasing

Quote: ‘ Too bad that all the people who know how to run the country are busy driving taxicabs and cutting hair.’ George Burns (1896-1996) The News: All Fed reporting districts said price pressures were elevated or increasing. The Numbers: British Summer Time, with expectations and previous figures in brackets. (22:00) NZ Reserve Bank of New Zealand trims Official Cash Rate by 25 basis points to 8.00%; first cut in 5 years. 00:50 JP June Trade Balance 138B yen versus 362B May; exports drop for
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