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Market Jitters Return as Cooler CPI Surprises Wall Street

A softer‑than‑expected U.S. Consumer Price Index reading sent a ripple through financial markets today, creating an unusual dynamic: good news on inflation, but renewed pressure on major stock indexes. A Cooling CPI, but a Nervous Market The latest CPI report showed inflation easing more than economists anticipated. Under normal circumstances, that would be a welcome sign—suggesting the Federal Reserve may have more room to consider rate cuts later in the year. But markets don’t always behave logically in the moment. Today, the S&P 500, Dow Jones Industrial Average, and Nasdaq all slipped as investors reassessed what the data means for corporate earnings, interest‑rate expectations, and the broader economic outlook. Why Stocks Reacted This Way Several factors contributed to the pullback: Profit‑taking after recent market highs Concerns that cooling inflation reflects slowing demand Uncertainty about the Fed’s next move , even with softer price pressures Sector rotation ...
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Canada Supports South Africa Amid U.S. Boycott of G20 Meeting



In a significant show of solidarity, Canada has stepped up to support South Africa as it faces mounting pressure due to the United States' decision to boycott historic G20 meetings. Canadian Foreign Minister Mélanie Joly emphasized Canada's commitment to multilateralism and international cooperation, highlighting the importance of standing by South Africa during its G20 presidency.

South Africa, the first African nation to lead the G20, aims to advance the interests of developing countries in discussions with the world's wealthiest nations. However, the U.S. has chosen to boycott the meetings, citing disagreements with South Africa's policies and priorities. U.S. Secretary of State Marco Rubio has criticized South Africa's focus on themes such as solidarity, equality, and sustainability, which he views as contrary to American interests.

Despite the U.S. absence, other major players, including Russia, China, and the European Union, have expressed their support for South Africa's leadership. Canadian Foreign Minister Joly reiterated Canada's commitment to working with South Africa and other G20 members to address global challenges such as debt refinancing and climate change mitigation.

As the G20 meetings continue in Johannesburg, Canada's support serves as a crucial counterbalance to the U.S. boycott, ensuring that the voices of developing nations are heard and their interests are represented on the global stage.



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