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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
Data reveals 4.8 percent decline in energy index and 0.1 percent decline in food prices
France central bank governor calls on governments and regulators to boost capital markets union to help close investment gap
Eurosystem staff now see headline inflation averaging 2.5 percent in 2024, 2.2 percent in 2025, and 1.9 percent in 2026
The country's growth rate for 2024 has been revised up to 2.7 percent by research firm
Inflation in Canada declined this year to a three-year low of 2.7 percent in April
Until this month, Eurozone inflation had been steadily declining towards the ECB's 2 percent target
Q1 GDP growth was a sharp slowdown from Q4 2023's 3.4 percent pace
First-quarter GDP data expected to reveal resilience in the U.S. economy, impacting rate cut expectations
The CPI excluding volatile items and holiday travel stayed at an annual 4.1 percent
Consumers' 12-month inflation expectations rose to 5.4 percent from 5.3 percent in April
Fed officials say the central bank needs to wait for significant progress on inflation before cutting interest rates
Strong dollar, possible interest rate hikes are major risks to gold prices
Gold prices achieved a record high of $2,449.89 but have since lost over $100
Yen weakness fuels speculation of early BoJ rate hike
