It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
Fed Governor Christopher Waller believes more time is needed to see evidence of declining inflation before considering rate cuts. He is concerned that inflation may not fall to the Fed's target as expected. The upcoming data on inflation, consumer spending, and wages is being closely monitored by the Fed. Markets speculate that rate cuts may not occur until June or even July. Other Fed officials also express a willingness to cut rates later but emphasize caution.
Inflation remains persistent, with key indicators above expectations. Core CPI rose 0.4% monthly and 3.8% annually, driven by energy and shelter costs. Despite some price declines, such as medical care, inflation remains above the Fed's 2% target. The Fed may delay lowering interest rates until it achieves greater confidence in inflation's decline. Strong job growth and consumer spending, while positive for the economy, also raise concerns about inflation's resilience.
