Federal Reserve Chairman Jerome Powell said Tuesday that the central bank now estimates that a key measure of core inflation increased in June to its highest level in four months but added that, despite the acceleration, inflation pressures œremain muted. In a speech to the Bank of France in Paris, Powell said the Fed currently estimates the change in the so-called core personal consumption expenditure (PCE) price index was 1.7% over the 12-months ended June. That is up from 1.6% in May and 1.5% as recently as March. The PCE price index is the Fed™s favorite measure of price...

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Faster factory inflation and higher industrial profits in the past year have created space for an increase in overall interest rates, Peoples Bank of China researcher Ji Min said, according to a report by China Daily. Inflation and foreign exchange rates also have to be factored in before adjusting interest rates, the newspaper cited Ji, deputy head of the...

Federal Reserve officials in December debated the risks to the U.S. economic outlook, with some concerned about low inflation and others pointing to robust growth that was about to get a further boost from tax cuts. Most participants reiterating support for œcontinuing a gradual approach to raising the target range for the benchmark policy rate, according to minutes of the Federal...

FISCAL
No-Deal Brexit Riskiest For Financial Stability: BoE's Carney
Monday, 25 February 2019 18:17 WIB Bank of England Governor Mark Carney said on Monday that the possibility of Britain leaving the European Union next month without a transition deal...
MONETARY
Powell says the Fed is 'grappling' with whether to cut interest rates
Wednesday, 26 June 2019 00:28 WIB Federal Reserve Chairman Jerome Powell on Tuesday suggested an interest-rate cut in July, widely expected by investors and economists, is not a done...

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