Inflation Cooled in August, Keeping the Fed Poised to Cut Rates
Consumer Price Index inflation continued to cool, reaching a new three-year low. But signs of stubbornness lingered under the surface.
Inflation hits 2.5% in August, keeping the Fed on track to lower interest rates
The annual inflation rate in August was 2.5%, but core inflation remained sticky at 3.2%, according to the latest Consumer Price Index (CPI) report.
Canada's 2% Inflation Rate in August Raises Hopes for Large Rate Cut
OTTAWA (Reuters) -Canada's annual inflation rate reached the central bank's target in August at it cooled to 2%, its lowest level since February 2021, data showed on Tuesday. The closely watched core price measures also cooled to their lowest level in 40 months while month-on-month consumer prices deflated by 0.2%, Statistics Canada said.
Why Fed bets were so out of whack: Waller explains what put him ‘over the edge’ for a jumbo rate cut
Inflation might actually fall too far, the Fed governor says, opening the door wider for more half-point interest-rate cuts.
Fed’s Waller Says Slowing Inflation Led Him to Support Large Rate Cut
Federal Reserve Governor Christopher Waller said favorable inflation data, and not worries about the labor market, are what convinced him to support policymakers’ decision to lower interest rates by a half percentage point this week.
Fed’s Waller Sees More Rate Cuts, Inflation Below 2%, and a Strong Economy Ahead
We’re at a point where the economy is strong, inflation is coming down, and we want to keep it that way,” Waller said during an interview with CNBC on Friday. Waller has se
Inflation rate holds steady in August at 2.2%
Inflation has held steady at 2.2% in the year to August, according to official figures. Prices for air fares rose but the ...
Japan's core inflation accelerates for 4th month in August
Japan's core consumer inflation accelerated for the fourth straight month in August and tracked comfortably above the central ...
MoneyWeek3d
Inflation held steady in August – will interest rates fall tomorrow?
It is the second month in a row where inflation came in at 2.2%, after creeping up in July. But a rate cut still looks ...
devdiscourse4d
Wholesale Inflation Drops to 1.31% in August Amid Declining Vegetable Prices
Government data revealed wholesale inflation fell to 1.31% in August, driven by cheaper vegetables, food, and fuel. The ...
India's August wholesale inflation cools to 1.31% as global oil prices fall
India's wholesale price index rose 1.31% in August from a year earlier, government data released on Tuesday showed.
Japan's core inflation rate rises for 4th month to 2.8% in August, as expected
The core consumer price index in Japan, which excludes fresh food but includes fuel costs, increased by 2.8% Y/Y in August ...
Wall Street Journal2d
Japan Consumer Inflation Picked Up in August Amid BOJ Rate Hike View
TOKYO—Japan’s consumer inflation grew at a faster pace in August and stayed well above the Bank of Japan’s 2% target amid ...
Saudi Arabia's inflation rate inches up to 1.6% in August
Saudi Arabia's annual inflation rate inched up to 1.6% in August, from 1.5% in July, government data showed on Sunday, driven ...
Canada’s inflation drops to 2% in August, signalling economic stability amid housing concerns
Canada's annual inflation rate fell to 2% in August 2024, its lowest level since February 2021, making a surprising event for ...
The Financial Express9h
Retail inflation for farm workers eases to 5.96% in August: Labour Ministry
"The year-on-year inflation rates based on CPI-AL and CPI–RL for this month (August 2024) were recorded at 5.96 per cent and ...