Browsing: Inflation

His defense of the inflation target comes amid persistent calls from some corners for the Fed to overhaul the way it guides, sets and communicates policy

WASHINGTON : The US Federal Reserve held interest rates steady on Wednesday and signaled it is still leaning toward eventual reductions in borrowing costs, but put a red flag on recent disappointing inflation readings that could make those rate cuts a while in coming, Reuters reported.

The decline was mainly driven by Food & Beverages, which fell to 0.7% m-o-m in March, said Al Rajhi Capital Research

“Inflation is slowing down gradually, same as inflation expectations, which is especially important, including households’ expectations, meaning their estimates, suggestions on how prices will behave in the future,” the head of state said

Prices in Latin America’s largest economy rose 0.21% in the month to mid-March, below the 0.29% growth expected by economists polled by Reuters

The personal consumption expenditures (PCE) price index rose 0.3% in March, compared to a forecast of a 0.3% increase, according to the data In the 12 months through March, PCE inflation advanced 2.7% against expectations of 2.6%

Muscat: The inflation rate in the Sultanate of Oman increased by 0.2 percent in March 2024 compared to the same month in 2023, according to data on consumer price index numbers in the Sultanate of Oman issued by the National Centre for Statistics and Information (NCSI).

Earlier this month, the six-member rate-setting committee kept the main lending rate at 6.5%, in line with expectations. It had raised the repo rate by a total of 250 basis points between May 2022 and February 2023

UK inflation slowed less than expected last month, underscoring the reluctance of some Bank of England officials to begin cutting interest rates.

RIYADH: Saudi Arabia’s inflation eased to 1.6 percent in March, down from 1.8 percent the previous month, driven by changes in the food and beverage sector.