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The inflation data set will be a critical economic indicator ahead of the Federal Reserve's monetary policy decision on Wednesday. It's the last piece of data following a strong May jobs report ...
The upcoming inflation report will help determine the Fed's next move. ... The bank adjusted its forecast for the November Fed meeting to call for a 25-basis-point move after previously predicting ...
Attention now turns to the Personal Consumption Expenditure report, the central bank's preferred inflation gauge, due at 10 a.m. ET. Economists polled by Reuters expect prices to increase by 2.3% ...
The latest inflation report is likely to cement a 0.25% cut in the Federal Reserve's key interest rate, currently at about 5.3%, later this month.
The figure topped economists’ consensus forecast for 3.4% year-over-year inflation, and February’s 3.2% reading. ... Markets reacted as expected to the hot inflation report on Wednesday, with ...
Inflation is now rising at 3.2% in August and July, compared with 3.3% in June, 3.4% in May, and 3.6% in April. The latest inflation data takes a 50 basis point rate cut off the table.
Inflation in New Zealand exceeded forecasts in July 2022, reaching 7.3%, which is the highest since 1990. [232] Economists at ANZ reportedly said they expected faster interest rate increases to counteract inflationary pressures. [233] In Fiji, inflation rose to 4.7% in April 2022 compared to –2.4% in 2021. [234]
Meanwhile, the energy index decreased by 1.9% in September, after falling 0.8% in August as gas prices declined a sizable 4.1% last month. On a yearly basis, the energy index was down 6.8%.