French Inflation Eases
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Eurozone inflation dipped to 2.1 per cent in October, hovering above the European Central Bank’s 2 per cent target for the second month in a row. Friday’s flash estimate of the annual inflation figure for October was in line with economists’ forecast in an LSEG poll and below the 2.2 per cent recorded in the previous month.
The Federal Reserve’s goal is to keep inflation at or under 2%. Annual inflation rose slightly in September, but not as much as economists had expected, providing the central bank with a clear path fo
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Fed Chair Jerome Powell said inflation is not far from the central bank’s 2% goal if higher U.S. tariffs are removed from the equation. “You see goods prices increasing. That’s moving inflation up,” Powell said.
The rate cut could gradually reduce costs for mortgages, credit cards, auto loans, and business borrowing, offering some relief to consumers and companies.
The European Central Bank must be careful in interpreting the inflation projections it will receive in December and avoid erratic policy decisions, according to Governing Council member Martins Kazaks.
The Federal Reserve is widely seen to be willing to cut rates even though inflation is stuck near 3% and not showing much signs of moderating. The reason is that even with the cut, most Fed officials
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Powell said that estimates indicate the Fed’s preferred inflation gauge, the personal consumption expenditures price index, rose 2.8% over the 12 months ending in September. Core PCE prices rose 2.8% as well.
Kenya's inflation was 4.6% year-on-year in October, the same as a month earlier, the statistics office said on Friday. Month-on-month inflation was at 0.2% in October, the same rate as a month earlier,
UK homeowners looking to learn how quickly mortgages rates will come down could do worse than study the price of a humble Tesco meal deal.