Inflation Question Gains
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Blinken Visits Ukraine Amid Russian Military Gains
The Biden administration had warned for months that Congress’s delay in approving an aid package would leave the Ukrainians vulnerable.The New York Times - Top stories - Ukraine -
Russian Gains in Ukraine War Worry U.S. Officials
Multiple factors are helping Russia’s military advance, including a delay in American weaponry and Moscow’s technological innovations on the battlefield.The New York Times - Top stories - Ukraine -
Inflation’s rental risks
The US and UK need to see a moderation in the price of home leasesFinancial Times - World -
5 Questions On: The race to rent
So why is competition so intense and what can you do about it?BBC News - Top stories -
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 -
Blinken promises Zelenskyy more support as Russia gains ground
US secretary of state tells President Volodymyr Zelenskyy military aid package will make ‘real difference’ on battlefieldFinancial Times - Business - Ukraine -
Growing Uncertainty Seen Over USD Outlook
Uncertainty over the dollar outlook has risen, especially in view of the reduced visibility on the Federal Reserve front, MFS Investment Management said.The Wall Street Journal - World -
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 -
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 -
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 -
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 -
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