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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
Energy prices fell 1.7 percent YoY, while food prices rose 1.3 percent
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
Germany, Eurozone's biggest economy, unexpectedly contracted 0.1 percent in Q2
This week, the U.S. Federal Reserve, the Bank of Japan and the Bank of England are holding monetary policy meetings
The Bank of England's interest reached a 16-year high of 5.25 percent in August 2023
Core U.S. retail sales rose 0.9 percent in June after a 0.4 percent unrevised gain in May
The Fund expected consumption boost from wage increases
Real GDP grew by 1.1 percent in 2023, supported by net exports, while consumption remained weak
This agreement, Pakistan's 24th IMF bailout, now awaits approval from the IMF's executive board
IMF urges the U.S. government to reduce its high fiscal deficit and put debt on a downward trajectory
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
Inflation in Europe's largest economy had already slackened to 2.3 percent in March, its lowest level since June 2021
Japanese companies project inflation to hit 2.3 percent three years from now and 2.2 percent five years later
Morgan Stanley analysts expect an August rate hike, which may further weaken domestic trading conditions
While the ECB must ensure inflation returns to 2 percent, it shouldn’t overly dampen economic activity with interest rate cuts
The assets of the banking sector reached 429.58 trillion yuan, up 8.1 percent YoY
This marks the lowest annual increase in the consumer price index since mid-2021, in line with analysts' forecasts
