Liam Dann: NZ Herald business editor at large on US inflation dropping to 3 percent
US inflation fell to 3 percent in June, highlighting the Federal Reserve's success at pushing down price pressures.
The US dollar has dropped to a 15-month low, in sharp contrast to other economies struggling to control inflation.
NZ Herald business editor at large Liam Dann says this is down to the US having a very efficient economy, a fact that's often overlooked.
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