News
Entertainment
Science & Technology
Life
Culture & Art
Hobbies
News
Entertainment
Science & Technology
Culture & Art
Hobbies
Discover Latest #Inflation News, Articles and Videos with Contenting
- Business Insider The US has experienced low inflation for the last few years, but that may be changing. Here are news, articles, and videos on inflation and its effects on the US economy.
German inflation, US core PCE higher than expected, euro edges lower
Germany's CPI climbed to 2.1%, up from 1.8% in June and above the market estimate of 2.0%. In the US, core PCE rose to 2.9%, up from 2.8% and matching the market estimate. Fed Governor Waller said he supports a quarter-point cut next month and even larger cuts if the US labor market continues to soften.
Sterling outlook softens amid sticky inflation
Sterling’s outlook is bearish as sticky, services-led inflation (3.8% core; 5% services y/y), slowing and unbalanced growth, and tight public finances weigh on GBP. The Bank of England is likely to deliver one more 25 bp cut in November and then pause, with markets sceptical of further easing. A cooling labour market, weak goods exports, and a pivotal October Budget keep volatility risks elevated.