Hong Kong consumer prices up 2% in January

Hong Kong consumer prices up 2% in January

Residents purchase takeout from a restaurant in Admiralty, Hong Kong, on April 22, 2024. (ANDY CHONG / CHINA DAILY) Overall consumer prices in Hong Kong rose 2 percent year-on-year in January, up from the 1.4 percent increase recorded in December 2024, the Census and Statistics Department said on Thursday. The larger increase was attributable to…

Read More
Hassett says Trump has "multifaceted plan" to end inflation

Hassett says Trump has “multifaceted plan” to end inflation

Hassett says Trump has “multifaceted plan” to end inflation – CBS News Watch CBS News Kevin Hassett, the director of the National Economic Council and President Trump’s chief economic adviser, says the administration plans to address inflation through tax cuts, reductions in government spending, increased energy production, deregulation and issue-specific policies. Be the first to…

Read More
Wall Street today: US stocks muted after mixed economic data, investors await clarity on reciprocal tariffs

Wall Street today: US stocks muted after mixed economic data, investors await clarity on reciprocal tariffs

US stock indices were muted on Friday after mixed economic data and as investors awaited more clarity on President Donald Trump’s reciprocal tariff plans. On Thursday, Trump said his economics team will devise plans for reciprocal tariffs on every country taxing US imports, though the directive stopped short of imposing fresh tariffs. At 9:40 am…

Read More
PPI report January 2025: Prices rose 0.4%

PPI report January 2025: Prices rose 0.4%

A gauge of wholesale prices rose more than expected in January, though some details of the report indicated that pipeline inflation pressures are easing. The producer price index, which measures what producers get for their goods and services, increased by a seasonally adjusted 0.4% on the month, compared with the Dow Jones estimate for 0.3%,…

Read More