Fed’s Daly says its time to consider US interest rates cuts; Great Britain’s energy price cap tipped to rise 9% – business live

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Rolling coverage of the latest economic and financial news Rolling coverage of the latest economic and financial news After the first quarter of this year, inflation has just been making gradual progress towards 2 per cent. We are not there yet, but it’s clearly giving me more confidence that we are on our way to price stability. …recent tensions in the Russia-Ukraine war could see prices rise further at the start of the new year. The rise in wholesale market prices, particularly since the

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