Fed's Inflation Gauge Shows Easing Price Pressures in November
Inflation in the U.S. showed signs of cooling in November as price increases slowed sharply after two months of gains.
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US consumer spending solid; inflation showing progress as year ends
U.S. consumer spending increased in November amid strong demand for a range of goods and services, underscoring the economy's resilience, which saw the Federal Reserve this week projecting fewer interest rate cuts in 2025 than it had in September.
Dollar poised to finish week higher after inflation data, Fed rate cut
The U.S. dollar pulled back from a two-year high on Friday, but was heading for its third-straight week of gains, with data showing a slowdown in inflation two days after the Federal Reserve cut interest rates and indicated inflation was stubborn enough to scale back cuts in 2025.
Stock Market Today: Dow heads for biggest gain since day after U.S. election as inflation report sparks relief
Traders brace for volatility with a record $6.6 trillion in options due to expire in Friday’s ‘triple witching’ The Fed cut rates again — but don’t expect your credit-card APR to get much lower ...
Stock Market Today: Dow books biggest gain since day after U.S. election as inflation report sparks relief
Traders brace for volatility with a record $6.6 trillion in options due to expire in Friday’s ‘triple witching’ The Fed cut rates again — but don’t expect your credit-card APR to get much lower ...
US stocks surge, dollar eases after cool inflation report
Wall Street stocks rose sharply higher on Friday and the dollar softened as cooler-than-expected inflation data helped investors look past the looming possibility of a government shutdown and fresh ...
German parliament passes tax relief to offset inflation
BERLIN (Reuters) - German lawmakers passed a taxation reform on Thursday to combat the burden on households caused by higher inflation, with approval secured by the votes of the former coalition ...
Packaging Rules Could Push Up Inflation, BOE Survey Says
A Bank of England survey found that upcoming recycling regulations will cost some companies as much as Labour’s payroll tax hike and could result in higher prices.
Mexico Delivers Fourth Straight Rate Cut as Inflation Slows
Mexico cut interest rates for a fourth straight meeting Thursday as inflation is slowing back to target and the economy is losing momentum.
Japan's core inflation accelerates, keeps BOJ rate-hike chance alive
TOKYO, Dec 20 (Reuters) - Japan's core inflation accelerated in November as rising food and fuel costs hit households, data showed on Friday, keeping the central bank under pressure to raise interest rates. The data, which came in the wake of the Bank of ...
Japan’s Inflation Picks Up as BOJ Seeks More Data for Hike
Japan’s key inflation gauge strengthened for the first time in three months as the central bank continues to parse data before deciding on the timing of its next interest rate hike. Consumer prices ...
Russia Braces For Another Steep Rate Hike in Battle on Inflation
Russia is poised for another aggressive rate hike on Friday as the central bank continues to find little success in tackling inflation that has recently accelerated well above its forecast.
Tokyo inflation likely accelerated on suspended energy subsidies: Reuters poll
Consumer inflation in Tokyo likely accelerated in December on higher food costs and after the government's suspension of its gas and electricity subsidies, a Reuters poll showed on Friday.
Russia Braces for Another Steep Rate Hike in Battle on Inflation
Russia is poised for another aggressive rate hike on Friday as the central bank continues to find little success in tackling inflation that has recently accelerated well above its forecast.
Singapore's low inflation not enough for a January easing, analysts say
Slowing inflation has created room for Singapore's central bank to ease monetary policy in January but it may wait until later in 2025 so it can assess incoming U.S. President Donald Trump's policies, ...
Asian shares hit three-month low ahead of US inflation data
Asian shares were pinned near three-month lows on Friday as investors awaited key U.S. inflation data that could either ease or worsen concerns about price pressures, while the dollar towered at ...
Stock Market Today: Asian Shares Are Mixed Ahead of Key US Inflation Data
Stock Market Today: Asian Shares Are Mixed Ahead of Key US Inflation Data HONG KONG (AP) — Asian shares were mixed Friday as markets awaited U.S. personal spending data for November that are due later ...
Gold set for weekly drop; traders await US inflation data
Gold prices rose on Friday, but were set for a weekly decline after the Federal Reserve signalled a slowdown in rate cuts next year, while focus shifted to a key U.S. inflation print due later in the ...
Stock Market Today: Dow futures fall as investors brace for options expirations and inflation report
Traders brace for volatility with a record $6.6 trillion in options due to expire in Friday’s ‘triple witching’ The Fed cut rates again — but don’t expect your credit-card APR to get much lower ...
Malaysian Inflation Likely to Hit Lower End of Target Range in 2025, Minister Says
The nation’s economy minister In an interview, Economy Minister Rafizi Ramli said a coming plan to raise prices of the country’s most widely consumed fuel—but only for only top earners—will boost ...
Futures hit by government shutdown fears ahead of inflation data
U.S. stock index futures dropped on Friday as investors grappled with the possibility of a government shutdown and a higher interest rate path ahead of a key inflation report.
Japan’s Inflation Accelerates on Energy as BOJ Seeks More Data
Japan’s key inflation gauge strengthened on the waning impact of government energy subsidies as the central bank continues to parse data before deciding on the timing of its next interest rate hike.
Explainer: Trump aims at Biden's Inflation Reduction Act: EVs, clean energy and manufacturing
President-elect Donald Trump has vowed to repeal Joe Biden's signature climate bill called the Inflation Reduction Act, which initially aimed at some $400 billion in new spending and tax cuts and ...
Morocco's annual inflation accelerates to 0.8% in November
Morocco's annual inflation rate, measured by the consumer price index, rose to 0.8% in November from 0.7% a month earlier, the country's statistics agency said on Friday.
Bank of Russia Holds Key Rate at 21% Even as Inflation Rises
The Bank of Russia held its key interest rate at a record-high 21%, surprising most analysts who’d expected policymakers to opt for another big hike to try to tame persistent inflation.
Futures dragged down by gov't shutdown fears; inflation data awaited
U.S. stock index futures dove on Friday as investors grappled with the possibility of a government shutdown and a higher interest rate path ahead of a key inflation report due on the day.
Inflation Comes in a Bit Lower Than Expected in November on Lower Energy Costs
The core index that excludes energy and food items also came in 0.1% higher in November but the annual rate was unchanged at 2.8% and below the 2.9% estimate.
Fed's Favored Inflation Gauge Brings Some Good News
The Federal Reserve's preferred inflation measure showed prices rose less than expected in November, a welcome sign of progress as the central bank tries to get inflation back to the 2% target. Over the past 12 months,
Russia Holds Interest Rates at 21% Amid Inflation
Contributing factors to inflation include increased military production, labor shortages, and a weakening ruble.
US consumer spending rises in November; monthly inflation benign
U.S. consumer spending increased in November amid strong demand for a range of goods and services, underscoring the economy's resilience, which saw the Federal Reserve this week projecting fewer ...
PCE Inflation Lighter Than Expected in November
The Federal Reserve’s favored measure of inflation showed prices increased 0.1% in November and 2.4% over the past 12 months, the Commerce Department said Friday.
Fed’s Favored Inflation Gauge Cools to Slowest Pace Since May
The Federal Reserve’s preferred measure of underlying inflation was muted in November, a step in the right direction for policymakers looking to cut interest rates further in 2025.
Treasury yields fall as market awaits U.S. inflation data, potential government shutdown
Treasury yields were slipping on Friday ahead of inflation data and as investors watched for a potential partial government shutdown.
Fed lowers rates but sees slower pace of further cuts, firmer inflation
WASHINGTON (Reuters) -The U.S. Federal Reserve cut interest rates on Wednesday and signaled it will slow the pace at which borrowing costs fall any further, given a relatively stable unemployment rate and little recent improvement in inflation.
Fed lowers rates but sees fewer cuts in 2025 due to stubbornly high inflation
WASHINGTON (Reuters) -The U.S. central bank lowered interest rates on Wednesday, but Federal Reserve Chair Jerome Powell said more reductions in borrowing costs hinge on further progress in lowering stubbornly high inflation, remarks that showed ...
Philippines Cuts Rates, Extending Easing as Inflation on Target
The Philippine central bank lowered its policy rate by a quarter point for the third straight meeting, after inflation stayed on target and economic growth slowed.
Taiwan Central Bank Holds Key Interest Rates Amid Steady Growth, Inflation
Taiwan’s central bank maintained interest rates unchanged again, delivering a third consecutive hold as it keeps a watchful eye on inflation and signs of overheating in the housing market. The Central Bank of the Republic of China (Taiwan) kept its ...
US tariffs would hit Hungary's growth, boost inflation, central bank says
BUDAPEST, Dec 19 (Reuters) - New tariffs U.S. President-elect Donald Trump has pledged to impose on European Union imports would hit Hungary's economic growth and boost inflation, the National Bank of Hungary (NBH) said in its quarterly inflation report on ...
Putin admits Russian inflation is an 'alarming signal' and the economy is 'overheating'
Russian President Vladimir Putin on Thursday said that inflation is a problem in Russia and that the country's economy is overheating. "Of course, inflation is such an alarming signal," Putin said in ...
Putin says Russia's economy is overheating, inflation is worrying
The Russian economy is showing signs of overheating which is stoking worryingly high inflation, President Vladimir Putin said on Thursday.
Fed lowers rates but sees fewer cuts next year due to stubbornly high inflation
Stocks stalled while the dollar drifted higher on Wednesday as investors made last-minute adjustments to portfolios in the countdown to the year's final salvo of central bank meetings, while news of a ...
FTSE 100 Live: Pound Steady Ahead of Inflation Data
The inflation data arrives after UK assets, particularly gilts, were sent into a spin by a hotter wage growth reading than anticipated on Tuesday. That caused investors to shred their bets on Bank of ...
UK inflation rises to 2.6% in November, in line with expectations
U.K. inflation rose to 2.6% in November, the Office for National Statistics said Wednesday, in line with the forecast of economists polled by Reuters. Core inflation, excluding energy, food, alcohol ...
UK inflation hits 2.6% in November, service price growth holds steady
British inflation rose to its highest in eight months in November but an underlying measure of price growth watched closely by the Bank of England held steady, offering the central bank a little bit ...
UK Inflation Jumps to Eight-Month High Ahead of BOE Decision
UK inflation rose to an eight-month high in November, drifting further above the Bank of England’s 2% target and supporting expectations that it will hold interest rates at its final meeting of the ...
Traders Bet on Slow BOE Cuts With Inflation Outlook Still Bleak
Traders are sticking with bets that the Bank of England will reduce interest rates gradually next year, after data Wednesday highlighted underlying inflationary pressures in the economy.
UK stocks edge up after inflation data, Fed decision in focus
FTSE 100 up 0.3%, FTSE 250 up 0.1% UK inflation hits 8-month high, underlying pressures steady Fed decision due at 1900 GMT Kingfisher gains on sale of Romania business Dec 18 (Reuters) - Energy ...