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U.S. factory activity slows to two-year low as clouds gather over economy, article with imageMacro Matters · July 1, 2022 · 5:53 PM UTC
U.S. manufacturing activity slowed more than expected in June, with a measure of new orders contracting for the first time in two years, signs that the economy was cooling amid aggressive monetary policy tightening by the Federal Reserve.
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Indonesia's central bank is in no rush to hike interest rates, its governor said on Friday, even as June consumer prices rose at the fastest pace in five years, topping forecasts and breaching its target range amid a surge in food prices.