Rates could come down further if inflation drops
Digest more
UK Inflation Rate Falls to 3% in Year to Jan.
Digest more
Inflation came in below economists' forecasts and slowed from December's 2.7% annual rate.
An apparent slowdown in inflation since last fall has eased worries on Wall Street, but skeptics are yet to be convinced price pressures have largely evaporated. A new Federal Reserve study might add to the doubts.
The great inflation shock of the 2020s, which helped bring President Donald Trump back to power, is in the rearview mirror now. But the hangover is all around.
The yen climbed, reversing Monday's losses against the euro and dollar, on expectations that Prime Minister Sanae Takaichi's fiscal policy will give support.
Consumer prices rose 2.4 percent over the past year and 0.2 percent in January alone, according to data released Friday by the Labor Department. The latest consumer price index report, which was delayed by the brief government shutdown earlier this month,
Turkey has banned chicken exports and cracked down on “exorbitant” food prices ahead of the Ramadan religious holiday at a time of economic hardship, stubbornly high inflation — and a row over an alleged $520 restaurant bill for a plate of meatballs.
Liberal MP claims the Reserve Bank has been soft on inflation. Labor says questioning the RBA’s dual mandate amounts to a ‘plan for higher unemployment’
Investors are dealing with a bout of Walmart jitters. Shares of Walmart seesawed on Thursday following below-consensus outlooks for the first quarter and full year. The company's