Eurozone Inflation Eases, Paving the Way for June Rate Cut

In the eurozone, annual inflation eased to 2.4 percent in March, nearing the European Central Bank's 2 percent target, with core inflation dropping to 2.9 percent. This supports the possibility of future interest rate cuts, although analysts believe the central bank will wait for more evidence of the cooling trend before taking action. In the United States, inflation has also cooled, prompting caution from the Federal Reserve on potential interest rate cuts, while the Bank of England has maintained relatively high rates amid signs of moderating inflation in Britain.