US inflation holds at 2.7% in July

US inflation held steady in July despite import tariffs, bolstering bets that the Federal Reserve may cut interest rates next month. After the partial dollarisation of the economy in Cuba, the country’s peso is trading at an all-time low of 400 to 1 dollar on the informal market. And horror films are at a record high in shares of the US box office. Weapons took $42.5m in its opening weekend in US movie theatres, and Sinners has become the highest-grossing original movie of the 2020s.