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Central bank officials agreed to maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent during the July meeting
Core inflation, excluding food and energy, held steady at 2.9 percent despite overall inflation rising
The firm added that if the August jobs report was positive, the U.S. recession probability would decline to 15 percent
Average five-year fixed mortgage rate is now 4.80 percent, which is still high compared with three years ago
Fed rate cut likely as inflation continues to decline
RBA sees easing wage pressures, but inflation battle persists
The increase, although expected, was slightly smaller than the 2.3 percent rise anticipated by analysts
The corporate goods price index hit a record high of 123.1, marking the eighth straight month of increases
Government data last week showed the layoffs rate in June was the lowest in more than two years
Goldman Sachs analysts have increased their 12-month U.S. recession odds by 10 percentage points to 25 percent
Nonfarm payrolls increased by 114,000 jobs last month, significantly below the 215,000 jobs per month added in the last 12 months
The BoE cut rates by 0.25 percent to 5.0 percent, a decision viewed as a close call
The report projected 2.1 percent U.S. economic growth in 2024, down from 2.5 percent in 2023
The eurozone's service sector inflation declined to 4 percent from 4.1 percent in June
The central bank raised its short-term policy rate to levels not seen since 2008, defying market expectations
This week, the U.S. Federal Reserve, the Bank of Japan and the Bank of England are holding monetary policy meetings
The solid growth is driven by resilient consumer spending and business investment
One-year loan prime rate (LPR) declined to 3.35 percent, while the five-year LPR was reduced to 3.85 percent
The Fund expected consumption boost from wage increases
This agreement, Pakistan's 24th IMF bailout, now awaits approval from the IMF's executive board
The BLS data also showed that consumer prices fell by 0.1 percent on a monthly basis
BOJ faces pressure to hike rates on its upcoming meeting
Reducing policy restraint too late or too little could unduly weaken economic activity and employment, Powell stated
Tight supply lines, higher import costs and freight issues also contributed to higher purchase prices
