US inflation unexpectedly increases to 3% in January
US inflation unexpectedly increased to 3 per cent in January, bolstering the case for the Federal Reserve to proceed slowly with interest rate cuts and hitting stocks and government bonds. Wednesday’s figure from the Bureau of Labor Statistics surpassed the expectations of economists polled by Reuters,
U.S. government debt aggressively sold off on Wednesday, pushing the benchmark 10-year yield up for a fifth straight session, after the consumer-price index for January came in higher than expected ...
Wall Street's main indexes were set to drop at the open on Wednesday, as a hotter-than-anticipated inflation reading added to ...
“We will also see an exchange rate ... inflation forecast lower to 2% from 2.3% previously, on the back of the targeted RON95 subsidy which will be rolled out in the middle of next year.
Inflation slowed through much of last year – falling as low as 2.4% from a 40-year high of 9.1% in mid-2022 – but it has remained stubbornly high since fall. The cost of services such as car insurance ...
Another month, another expected miss for inflation as it relates to the Fed’s goal, with concerns aplenty about what happens from here.
Faced with the threat of rising inflation, the U.S. Federal Reserve will wait until next quarter before cutting rates again, ...
January's Consumer Price Index will serve as the latest test of whether inflation pressures have eased further.
There will be no investment growth this year, as macroeconomic stability has yet to be achieved, and the uncertain political situation will negatively impact investment. Still, the central bank aims ...
The latest inflation rate is at the lowest point of the Reserve Bank’s target range of 3% to 6%, which was first breached in October last year, and comes ahead of the bank's decision on interest ...
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