After being a significant problem in 2022 and then coming into considerable control in 2023, inflation this year settled into a sideways trend. The Federal Reserve's preferred inflation gauge - the core personal consumption expenditures (PCE) price index - remained range bound in 2024,
The dollar edged higher on Thursday on expectations the currency would be boosted next year by policies by the incoming Donald Trump administration.
Russia's manufacturing sector continued to expand in December, but at a slower pace than the previous month, as inflationary pressures remained high and business confidence weakened, S&P Global reported on Friday.
Loge said that going into 2025, the U.S. would have a relatively strong economy, with inflation at close to 2 percent, and that "the prudent policy would be to stay the course."
The average of a set of alternative and conventional inflation indicators are picking up on firmer reflation pressure. Click to read.
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.
Inflation in the U.S. showed signs of cooling in November as price increases slowed sharply after two months of gains.
The December 2024 economic projections from the central bank show significant changes from the September figures. They indicate rising inflation and potential impact.
Brazil’s annual inflation unexpectedly slowed in early December as central bankers pledge two more jumbo interest rate hikes by March.
Turkey's central bank cut its key interest rate by 250 basis points to 47.5% on Thursday, a bit more than expected, launching an easing cycle meant to leave behind protracted economic turmoil and a cost-of-living crisis.
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.
Bank interest rates on deposits and loans rose much higher than the central bank's key rate, causing a slowdown in lending activity.