The Eurozone's annual inflation rate dropped to 2.2% from 2.6% in August compared to the previous month, as expected.
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The European Central Bank (ECB) has decided to maintain the current interest rates with ongoing inflationary pressures.
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Fed Chair Powell has testified today, keeping the Federal Reserve's options open regarding the timing of interest rate cuts, which markets are currently anticipating in September.
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The latest data from the New York Fed show a continued decrease in inflationary pressure.
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In June 2024, the US economy added 206K jobs, somewhat less than May's revised total of 218K.
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Eurozone retail sales increased by 0.1% month-on-month in May, reversing an upwardly revised 0.2% decline in April and coming in slightly below the forecasted 0.2% rise.
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Federal Reserve officials acknowledged at their latest meeting that the US economy appeared to be slowing and that there were signs of diminishing price pressures, according to the minutes of the June 11-12 session released on Wednesday.
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In June 2024, Germany's annual inflation rate decreased to 2.2% from 2.4% in May, below the expected 2.3%.
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The UK and the Eurozone released their preliminary Purchasing Managers' Index (PMI) data for June.
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