Eurozone Inflation Eases for Third Month As Ecb Rate Rises Bite
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Eurozone Inflation Set to Ease More Rapidly, EU Says
The eurozone’s annual rate of inflation is set to fall faster than previously expected as economic growth remains anemic, and hit the European Central Bank’s target earlier in 2025.The Wall Street Journal - World - European Union -
Eurozone inflation to fall faster than expected, EU says
Revised figure comes as impact of Red Sea trade disruption proves milder than expectedFinancial Times - Business - European Union -
Argentina's inflation drops to 1st single-digit rate in 6 months, a triumph for President Milei not felt on the streets
Argentina's inflation drops to 1st single-digit rate in 6 months, a triumph for President Milei not felt on the streetsABC News - World -
U.K. Jobs Market Eases in Boost for June Rate-Cut Hopes
Unemployment ticked higher in the three months to March, continuing a trend of rising joblessness, while the average regular pay grew at the same rate as in the previous period.The Wall Street Journal - World - United Kingdom -
Stocks Rise Amid Mixed Signals on Inflation
Stocks edged higher after the producer-price index rose more than expected in April but data for the prior month was revised lower.The Wall Street Journal - World - Inflation -
SPDR Gold Rises on Fresh Inflation Data
Gold settled 0.7% higher after U.S. inflation data came in hotter than expected.The Wall Street Journal - World -
Will High Interest Rates Curb Inflation? The Fed Will Wait and See
While consumers clamor for rate cuts, the central bank leadership is prepared to hang on until inflation stops climbing.Inc. - Business - Federal Reserve -
Fed Chair Jerome Powell Maintains Wait-and-See Posture on Inflation and Rates
The Fed chief said he expected inflation to continue heading lower but that he was less confident than he had previously been about that outlook.The Wall Street Journal - World - Federal Reserve -
Fed’s Powell hints interest rates will stay high as US inflation lingers
Central bank chair says economy performing well but cites ‘lack of progress’ on price pressuresFinancial Times - Business - Federal Reserve -
Argentina inflation crests near 300% as monthly rate slows
Yahoo News - World -
High Bond Yields Bode Well for Capital Appreciation
The elevated starting yields prevalent across much of the bond market bode well for capital appreciation, Pimco said, adding it favors intermediate maturities.The Wall Street Journal - World -
How Rising Gas Prices Complicate the Fed's Inflation Strategy
Gas prices are rising faster than usual this year. WSJ’s David Uberti breaks down what’s behind the rise and how it interferes with the Federal Reserve’s goal of bringing down inflation.The Wall Street Journal - World -
Fed Chair Jerome Powell says inflation has been higher than thought and expects rates to hold steady
Federal Reserve Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected and will keep the central bank on hold for an extended period.NBC News - Top stories - Federal Reserve -
Fed Chair Powell says inflation has been higher than thought, expects rates to hold steady
Speaking to the Foreign Bankers' Association, the central bank leader noted that the rapid disinflation that happened in 2023 has slowed considerably this year.CNBC - Business - Federal Reserve -
Latest US inflation report may provide clues to future path of prices and interest rates
It’s perhaps the biggest question swirling around the U.S. economy right now: Is inflation stuck at an elevated level — or will last year’s steady decline resume sometime soonABC News - Top stories -
Argentina reports its first single-digit inflation in 6 months as markets swoon and costs hit home
Government data in Argentina says the country’s monthly inflation rate has eased sharply to a single-digit rate in April for the first time in half a yearABC News - World -
Oil Rises on Reports of U.S. Crude Inventories Draw But All Eyes Are on Inflation Data
Oil prices edged higher on reports of a larger-than-expected draw in U.S. crude inventories, but remained broadly under pressure on prospects of higher-for-longer rates due to sticky inflation.The Wall Street Journal - World -
Burberry Profit Falls as Soft Demand, Turnaround Bite
Burberry posted a decline in profit for fiscal 2024 as it kept struggling to revitalize its business through a turnaround plan against a backdrop of slowing luxury demand.The Wall Street Journal - World -
A third miner is declared dead in a cave-in in southern Poland
Rescuers in southern Poland have recovered the body of a third miner a day after a cave-in in which 12 other workers were hurtABC News - World -
Investors shun real estate as higher for longer fears bite
Global fund managers cut their property allocations to lows not seen since 2009Financial Times - Business -
Texas mom says police held her face in pile of fire ants, covering head and neck with hundreds of bite marks
A woman accused police officers in Santa Fe, Texas, of holding her face down in a pile of fire ants, leaving bite marks all over her head and chest.NBC News - Top stories -
Sony shares jump after profit beats estimates, concerns about Paramount bid ease
Sony Group shares rose sharply after quarterly net profit beat analysts’ expectations and concerns eased about its bid for media and entertainment company Paramount Global.MarketWatch - Business -
Inflation’s rental risks
The US and UK need to see a moderation in the price of home leasesFinancial Times - World -
India PM Modi files his nomination to run for a third term in general election
Yahoo News - World - India -
Hurricanes score 4 in third period, rally to beat Rangers 4-1 in Game 5 to avoid elimination
Jordan Staal and Evgeny Kuznetsov scored 3:06 apart in the third period, and the Carolina Hurricanes got four goals in the third period for a 4-1 win over the New York Rangers in Game 5, staving off elimination for the second straight gameABC News - Sports -
India PM Modi files his nomination to run for a third term in general election
Indian Prime Minister Narendra Modi has filed his nomination to run for a third term in the country's general election in the northern city of Varanasi, which is his constituencyABC News - World - India -
Wholesale inflation surges again, PPI shows, leaving Inflation still sticky
U.S. wholesale prices jumped 0.5% in April in another sign of sticky inflation.MarketWatch - Business - Inflation -
Australian Government's Budget Bets On Rapid Fall In Inflation
Australian Treasurer Jim Chalmers has framed the center-left Labor government’s 2024-2025 budget around the themes of cost of living relief, income tax cuts and the tantalizing prospect of a fall in mortgage interest rates by early next year.The Wall Street Journal - World - Australia -
Fed Chair’s Confidence in Slowing Inflation Is ‘Not as High’ as Before
Jerome H. Powell, the Federal Reserve chair, said the central bank was poised to leave interest rates on hold after surprisingly stubborn inflation.The New York Times - Business - Federal Reserve -
U.S. Inflation Could Be Getting Less Sticky
There are signs that U.S. inflation might be getting less sticky, Piper Sandler economists write in a note.The Wall Street Journal - World -
The Fed is struggling to break the back of inflation. Here's why.
The Federal Reserve's campaign to snuff out runaway inflation has bogged down this year. Blame housing costs.CBS News - Top stories - Federal Reserve