(Bloomberg) — China’s consumer inflation unexpectedly decelerated in November while factory deflation eased, painting a mixed picture of the effects of recent stimulus efforts on the economy ahead of key policy meetings this week. Most Read from Bloomberg The consumer price index rose a less-than-forecast 0.2% from a year earlier, the lowest since June, while…
(Bloomberg) — Shares rose in Asia, sidestepping losses on Wall Street following hotter-than-expected core inflation that heightened the focus on the Federal Reserve’s next move. Most Read from Bloomberg Japanese and South Korean stocks opened higher while those in Australia slipped. US equity futures also edged higher, after the S&P 500 fell 0.2% and the…
US consumer inflation slightly cooled down to 2.4 per cent in September from a year ago, a slight drop from August’s 2.5 per cent, and the lowest annual increase since February 2021, according to the Labor Department‘s statement released on Thursday.However, when excluding the volatile food and energy costs, “core” prices, which provide a better…
A fresh reading on inflation Friday keeps the Federal Reserve on track to continue cutting interest rates this fall, likely in 25 basis point increments. The Fed’s preferred inflation gauge — the so-called core Personal Consumption Expenditures (PCE) index that excludes volatile food and energy prices — clocked in at 2.7% over the prior year…