European Central Bank Set to Cut Interest Rates Amid Global Easing Trend

The ECB is expected to lower rates, leading major economies in easing monetary policy as inflation recedes.

• European stocks rose ahead of the anticipated ECB rate cut, driven by gains in the tech sector.
• The eurozone inflation rate fell to 2.6% in May, down from a peak of 10.6% in October 2022.
• The U.S. Federal Reserve is also expected to cut rates later this year, although at a slower pace.
• Asian markets saw gains following record highs on Wall Street fueled by AI investment.
• Lower rates could benefit consumers with reduced borrowing costs and potentially higher stock values.

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