Inflation Slows, Eurozone Economy Edges Ahead

US inflation slowed for the second consecutive month to 3.4% in July, matching market expectations and core inflation's slowest pace since March 2021.

The Federal Reserve may keep interest rates unchanged at its next meeting after noting that inflation remained above its 2% target, despite a lower rate adding to this expectation.

In the eurozone, economic growth increased by 0.4% in Q2, with employment rising 0.1% and increasing 0.5% compared to the same period last year.