Fed Chair Jerome Powell has said that, although reopening is expected to drive a sharp jump in inflation, the surge will likely be "transitory."
ECB president Christine Lagarde leaves the door open to tweaking the central bank’s 2% inflation target at a speech in Frankfurt. “In the current environment of lower inflation, the concerns we face are different and this needs to be reflected in our inflation aim,” she told the “ECB and Its […]
US consumer prices fell 0.1% in May, the Labour Department reported Wednesday, following April’s record 0.8% slump. It’s the first time the consumer-price index has ever declined for three months in a row, the Labour Department said. One spot where prices rose was the cost of groceries, as consumers are […]
US core consumer price index, which excludes food and fuel costs, fell 0.4% in April, the largest monthly drop since 1957, according to a Tuesday report from the Labour Department. Overall US CPI fell 0.8% in April, the largest monthly drop since December 2008. Going forward, the indicator will be […]
Chinese inflation in the year to March rose a less than expected 2.3%, China’s National Bureau of Statistics reported this morning. While the monthly print of 0.4% was slightly above consensus of 0.3%, it is the year on year data the market pays more attention to. That print, of 2.3%, […]
Life in Britain is getting cheaper: UK...