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inflation

US inflation cooled in May in sign that price pressures may be easing

by Anas Siddiqui
US inflation cooled in May in sign that price pressures may be easing

CHRISTOPHER RUGABER, Associated Press Updated: Jun 12, 2024 / 07:58 AM CDT Unsold 2024 Colorado pickup trucks sit in a row outside a Chevrolet dealership Sunday, June 2, 2024, in …

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HKMA cautions on interest rate outlook, while most traders see cuts in September

by Anas Siddiqui
HKMA cautions on interest rate outlook, while most traders see cuts in September

Hong Kong interbank rates rose slightly on Thursday morning. The one-week Hibor, or Hong Kong interbank offered rate, rose to 4 per cent, up 3.6 basis points from a day …

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U.S. Fed holds interest rates steady, sees just 1 cut in 2024 despite inflation progress

by Anas Siddiqui
U.S. Fed holds interest rates steady, sees just 1 cut in 2024 despite inflation progress

U.S. Federal Reserve officials said Wednesday that inflation has fallen further toward their target in recent months, but signalled that they expect to cut their benchmark interest rate just once …

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Federal interest rate sees no change

by Walter Watson
Federal interest rate sees no change

The Federal Reserve on Wednesday kept its key interest rate unchanged and signaled that just one cut is expected before the end of the year. With markets hoping for a …

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Federal Reserve stands pat on interest rates

by Ron Morgan
Federal Reserve stands pat on interest rates

Inflation cools more than expected in May Inflation cools more than expected ahead of Fed’s interest rate announcement 04:45 The Federal Reserve on Wednesday left its benchmark interest rate unchanged …

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U.S. inflation eased in May, signaling that an early-year price uptick has passed

by Walter Watson
U.S. inflation eased in May, signaling that an early-year price uptick has passed

U.S. inflation eased last month in a hopeful sign that an uptick in prices from earlier this year may have passed. The trend, if it holds, could move the Federal Reserve …

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Dollarama sales growth continued in first quarter as Canadians grappled with inflation

by Anas Siddiqui
Dollarama sales growth continued in first quarter as Canadians grappled with inflation

Dollarama posted an increase in first-quarter sales and profit on Wednesday, as more Canadians shopped at its stores for affordable groceries and essentials. Canadian consumers have been looking for affordable …

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Consumer prices unchanged in May

by Walter Watson
Consumer prices unchanged in May

The consumer price index showed no increase in May as inflation slightly loosened its stubborn grip on the U.S. economy, the Labor Department reported Wednesday. The CPI, a broad inflation …

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Fed meeting and inflation report both hit Wednesday, and the impact could be huge

by Walter Watson
Fed meeting and inflation report both hit Wednesday, and the impact could be huge

Jerome Powell, Chairman of the U.S. Federal Reserve, speaks during the conference celebrating the Centennial of the Division of Research and Statistics, Board of Governors of the Federal Reserve System …

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‘Kangaroo tribe’ grows with 66% of young Korean adults dependent on their parents

by Walter Watson
‘Kangaroo tribe’ grows with 66% of young Korean adults dependent on their parents

By Yi Whan-woo Kim Young-joon, 30, increasingly bickers with his parents over minor issues as the years go by. Despite obtaining a master’s degree, he turned down job offers because …

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