Slow US Inflation Retreat Is Set to Bolster Fed Patience on Rate Cuts

Yahoo News is better in the appYahoo News is better in the app -- Inflation in the US probably abated only gradually last month and retail sales rebounded, illustrating why the Federal Reserve is in no rush to lower interest rates.The World Has Too Much Wine, and Farmers Are Ripping Up Vines

Government figures on Thursday are expected to show a 0.8% advance in February retail sales following a drop of the same magnitude a month earlier. Such an outcome would indicate a return of shoppers who took a breather after a strong holiday-shopping season.Other US data in the coming week include February industrial production and the University of Michigan’s preliminary March consumer sentiment index.

Elsewhere, India’s industrial output may have increased at a faster clip in January, while February inflation is seen cooling a tad. Meanwhile, following last week’s European Central Bank decision signaling a rate cut in June, several officials are due to speak, including chief economist Philip Lane. The institution may unveil a revamp of its monetary policy framework on Wednesday.

On the same day, Angola is expected to increase its key rate to stem upward pressure on inflation from adverse weather conditions and a weaker exchange rate. Mexico posts January industrial production data after the year-on-year reading flatlined in December. Against that negative, manufacturing and production trend indicators rose for a third month in February to a three-year high.

ISHIGAKI, Japan – For Yoshitaka Nakayama, the mayor of the tiny Japanese island of Ishigaki, the threat of a hostile China hits very close to home. This tropical tourist destination of 50,000 full-time residents is just 124 miles off the west coast of Taiwan, and he fears a refugee crisis if China carries out aggression…Rep.

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Slow US Inflation Retreat Is Set to Bolster Fed Patience on Rate CutsInflation in the US probably abated only gradually last month and retail sales rebounded, illustrating why the Federal Reserve is in no rush to lower interest rates.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

The investment with inflation immunity: How the wealthy rolled back 20 Years of inflationThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Feds will stop investing in 'large' road projects, environment minister saysEnvironment Minister Steven Guilbeault arrives for a Liberal cabinet retreat in Montreal, Sunday, January 21, 2024.
Source: CBCAlerts - 🏆 37. / 63 Read more »

Winter in the Kootenays: Rejuvenate Your Mind, Body and SpiritRetreat to the Nelson and Kootenay Lake region to rest, relax and restore yourself.
Source: AvenueMagazine - 🏆 40. / 63 Read more »

Canada's tech community worried country's AI adoption is too slowMembers of Canada's tech community say they're worried the country is adopting artificial intelligence too slowly, threatening its reputation as a leader in the sector, if the trend persists.
Source: CP24 - 🏆 30. / 67 Read more »

NDP threatens stalling tactics, end of agreement with Liberals over slow pace of pharmacare talksNDP leader Jagmeet Singh meets with Prime Minister Justin Trudeau on Parliament Hill in Ottawa on Thursday, Nov. 14, 2019.
Source: CBCPolitics - 🏆 79. / 51 Read more »