The Latest Breaking News from Inflation

Figures show unexpected resiliency of job market as Fed keeps interest rates high try to tamp down 3.4% inflation

One of the few success stories of the Conservative government is the fall in inflation, which is now close to the target rate set by the Bank of England. In April 2024, the consumer price index, the most common measure of inflation, increased by 3% over the previous year compared…

Reserve Bank of India (RBI) Governor Shaktikanta Das said that Monetary Policy Committee (MPC) has decided to keep the policy repo rate unchanged at 6.5 per cent. Read further on Dynamite News:

Tentative signs have begun to emerge that the U.S. economy is cooling in a way that would be welcomed by the Federal Reserve’s inflation fighters: Companies are posting fewer available jobs, consumer spending has slipped and wage growth, while still healthy, is gradually slowing

Asian markets fluctuated Friday and investors trod cautiously ahead of US jobs data that could play a key role in the Federal Reserve's plans for cutting interest rates, with the bank's next policy decision looming next week.

The S&P 500 Index ($SPX ) (SPY ) Thursday closed down -0.02%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.20%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.07%. Stock indexes on Thursday settled little changed. Stock indexes Thursday morning initially moved higher,...

The dollar index (DXY00 ) Thursday fell by -0.16%. Thursday’s US economic news weighed on the dollar after weekly US jobless claims rose more than expected, a dovish factor for Fed policy. Also, the US Apr trade deficit widened by the most in 1-1/2 years, a negative factor for the...

The European Central Bank has decided to lower its benchmark interest rates by 0.25 percent from a record high, effective June 12. However, the ECB also revised its outlook for the coming months and said it no longer believed inflation would hit its target of 2 percent this year, but…

Yardeni already sees a 20% chance of a “melt-up” for the stock market, but if Powell “sings a dovish tune," he promised to raise those odds.

The dollar index (DXY00 ) today is trading slightly higher on a rise in T-note yields. Gains in the dollar are limited after weekly US jobless claims rose more than expected, a dovish factor for Fed policy. Also, the US Apr trade deficit widened by the most in 1-1/2 years,...

Unions are engaged in negotiations with the government as they demand rise in minimum wages amid cost of living crisis.