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Evening Standard
Evening Standard
Business
Michael Hunter and Graeme Evans

FTSE 100 Live 17 July: US stocks sink, inflation sticks at 2%, HSBC new boss

A 2% inflation reading today failed to boost the chances of an interest rate cut in August.

The focus is on stubborn levels of services inflation, in part due to Taylor Swift concerts lifting hotel prices.

Meanwhile, HSBC has a new boss and Reckitt Benckiser is dealing with the aftermath of a tornado in the US.

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