Most central banks around the world closed in on taming inflation this year without bringing about a recession. Many of them even began lowering interest rates after prolonged monetary policy tightening in the aftermath of the COVID-19 pandemic.
Inflation in the U.S. showed signs of cooling in November as price increases slowed sharply after two months of gains.
The Federal Reserve’s preferred inflation gauge moved slightly higher in November — but not as much as economists were expecting, an indication that price hikes aren’t accelerating in a worrisome fashion.
Bank of Thailand expects inflation to stay within the 1% to 3% target range in the next two years, Governor Sethaput Suthiwartnarueput said, describing the band as appropriate and supportive of the nation’s growth potential.
Russia's inflation has reached 9.5% this year, according to new weekly data showing that the consumer price index rose by 0.33% in the week leading up to Dec. 23, the statistical agency Rosstat reported on Wednesday.
The December 2024 economic projections from the central bank show significant changes from the September figures. They indicate rising inflation and potential impact.
Inflation reaccelerated in November by the measure preferred by policymakers at the Federal Reserve, but not as much as forecasters had expected.
The Personal Consumption Expenditures index climbed 2.4 percent from a year earlier, though the report’s details were more subdued than expected.
U.S. consumer spending increased in November amid strong demand for a range of goods and services, underscoring the economy's resilience, which saw the Federal Reserve this week projecting fewer interest rate cuts in 2025 than it had in September.
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Uruguay’s central bank surprised markets with a quarter-point interest rate hike Monday, citing an uptick in underlying inflation and long-term inflation expectations.
NerdWallet estimates that food prices have risen 28%. Even with inflation beginning to slow, prices are still up.