Core inflation rose 0.1% from April to May, the smallest increase since 2020, leading to potential Fed rate cuts in September.
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On Friday, Core PCE, the Fed's preferred inflationary measure optimistically reflected a 0.1% uptick in May compared to a 0.3% increase in April.
Core inflation rose 0.1% from April to May, the smallest increase since 2020, leading to potential Fed rate cuts in September.
Asian equities advanced, following gains in US stocks ahead of the Federal Reserve’s preferred inflation gauge due on Friday.
Real gross domestic product (GDP) increased 0.3 per cent in April, after a flat reading last in March. Rebounds in several industries contributed to...
Global credit rating agency, Morningstar DBRS, has upgraded its growth forecast of the Cypriot economy by 0.3 per cent in 2024 and by 0.1 per cent...
SINGAPORE: Singapore's annual core inflation rate was unchanged in May from April, official data showed on Monday, as an increase in services prices...
OTTAWA, June 28 (Xinhua) -- Canada's real gross domestic product (GDP) grew 0.3 percent in April, after being essentially unchanged in March,...
US stocks closed higher with megacaps lifting the Nasdaq, but investors are awaiting jobs data for clues as to the Fed's monetary policy.
The Ctrack Transport and Freight Index that measure transport activity in southern Africa, increased in May to reach an index level of 125.6, an...
Canadian economic growth rebounded in April, but early indications suggested it failed to maintain the momentum into May. Statistics Canada said June...
The economy appears to be downshifting and price gains are moderating, as Federal Reserve officials creep closer to beating inflation.