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US unemployment still low
Above expectations of 9.8%
Central bank raises rates to 1.75%
Inflation peak of 13%
'I’ve no interest in falling out with people'
Growing concerns around stagflation
GDP drop of 0.9% in Q2
UK GDP growth in 2023 set for 0.5%
UK CPI climbs to 9.4%
Up from 9.1% in May