Fed Governor Bowman says additional rate hike could be needed if inflation stays high
Bowman said that it’s possible more hikes could be needed, rather than the cuts the market is expecting.
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UK inflation falls by more than expected in October to 4.6%, lowest in two years
U.K. inflation fell sharply in October to a two-year low of 4.6% from 6.7% the previous month.
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Fed’s Mary Daly says it’s ‘too early to declare victory’ on inflation
Tighter policy is helping bring down inflation but not to where policymakers should feel too comfortable, the San Francisco Fed president said.
U.S. News
Inflation is ‘always going to be a risk’ with the U.S. economy now fundamentally changed, ADP chief economist says
Inflation is “always going to be a risk” in the U.S. due to structural changes in the labor market, according to Nela Richardson, chief economist at payroll processing firm ADP.
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Inflation ticked up in July, reversing some progress in fight to slow price hikes
The fresh data arrived roughly two weeks after the Federal Reserve raised its benchmark interest rate another quarter of a percentage point.
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UK inflation exceeds expectations in May, piling pressure on the government and Bank of England
U.K. inflation came in hotter than expected in May as consumer prices rose by an annual 8.7%, unchanged from the previous month.
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Euro zone inflation falls more than expected to 6.1% as core pressures ease
The European Union’s statistics agency released its latest inflation figures Thursday.
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Inflation report due Tuesday has the potential to deliver some bad news
All market eyes Tuesday will be on the release of the Labor Department’s consumer price index.
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Inflation is cooling, but prices on many items are going to stay high for months
As costs fall, some companies are still locked into long-term contracts or are boosting profits rather than lowering prices.
U.S. News
‘The year of inflection’: Top bank CEOs weigh in on inflation outlook
On the sidelines of the World Economic Forum in Davos, Switzerland, UBS CEO Ralph Hamers said 2023 will be “the year of inflection” for the global economy.
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Lettuce at $8? Inflation in Australia is hurting everyone from restaurant owners to diners
Like many countries, Australia is battling record-high cost-of-living. Annual inflation in August surged to 6.8% from just under 2% before the pandemic.
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Bitcoin tops $22,000, hitting highest in nearly a month ahead of inflation data and Ethereum merge
The Ethereum network will complete a long-awaited upgrade called the merge this week and anticipation of this helped lift crypto markets.
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