Inflation
South Korea headline inflation at 2.4% y/y, bolstering case for rate pause
Stalls at the Gwangjang traditional market in Seoul, South Korea. Eric Lafforgue/art In All Of Us | Corbis News | Getty Images South Korea’s consumer prices rose 2.4% in November from a year earlier, driven by higher food and services costs, bolstering the case for the Bank of Korea to maintain interest rates at the current level for […]
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India’s industrial output grew just 0.4% in October, missing estimates
Workers assemble mobile phones at a Dixon Technologies factory in Noida, India, on Jan. 28, 2021. Bloomberg | Bloomberg | Getty Images India’s industrial production grew just 0.4% in October, indicating a sharp slowdown in the economy. The Index of Industrial Production (IIP) fell short of September’s 4% growth and is even lower than the 3.1% […]
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India economy grows at faster-than-expected 8.2% in September quarter even as tariffs bite
Hadynyah | E+ | Getty Images In a quarter partially affected by the 50% U.S. tariffs, the Indian economy grew faster than expected at an annual rate of 8.2% in the quarter ending in September. The growth was an acceleration from 7.8% in the previous quarter, when a lower deflator unexpectedly boosted real growth. A […]
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New Zealand central bank cuts rates to over 3-year low, signals end to easing cycle
New Zealand’s central bank cut its benchmark official cash rate by 25 basis points to 2.25% on Wednesday, its lowest level since mid-2022. Hagen Hopkins | Getty Images News | Getty Images New Zealand’s central bank cut its benchmark official cash rate by 25 basis points to 2.25% on Wednesday, its lowest level since mid-2022, but policymakers signaled […]
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Core wholesale prices rose less than expected in September; retail sales gain
Core wholesale prices rose less than expected in September, indicating a potential cooling in pipeline inflation pressures, the Bureau of Labor Statistics reported Tuesday. The producer price index, a measure of what producers get for final demand goods and services, increased a seasonally adjusted 0.3% on the month, in line with the Dow Jones consensus […]
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Singapore inflation climbs for second straight month as October CPI tops estimates
Restaurants and bars in the Boat Quay district in Singapore, on Wednesday, May 17, 2023. Bloomberg | Bloomberg | Getty Images Singapore’s inflation rate climbed for a second straight month, year on year, with price growth in October topping analysts’ expectations. After hitting a four-year low in August, consumer prices rose 1.2%, compared with the […]
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Watch: Trump and New York Mayor-elect Zohran Mamdani meet at White House
New York City Mayor-elect Zohran Mamdani on Friday arrived at the White House to meet with President Donald Trump for a discussion on affordability that could carry high stakes for both men. The Oval Office meeting was requested by Mamdani, the 34-year-old democratic socialist whose stunning triumph in the mayoral race over former New York […]
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Japan’s core inflation in October rises to a 3-month high, supporting the case for rate hikes
Customers check out vegetables and other groceries at a supermarket in Tokyo on June 20, 2025. Kazuhiro Nogi | Afp | Getty Images Japan’s core inflation in October rose at its sharpest rate since July, in line with market estimates on Friday, supporting the case for interest rate hikes by the Bank of Japan. Core […]
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Fed minutes show divide over October rate cut and cast doubt about December
Key Points While the Federal Open Market Committee approved a cut at the meeting, the path forward looks less certain. Disagreements stretched into the outlook for December, with officials expressing skepticism about the need for an additional cut that markets had been widely anticipating, with “many” saying that no more cuts are needed at least […]
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AI could be causing ‘quiet time’ in labor market, top Trump economic aide Hassett says
Artificial intelligence could be increasing worker productivity so much that companies slow hiring, top Trump administration economic advisor Kevin Hassett said Monday. “I think that there have been mixed signals in the job market,” the National Economic Council director said on CNBC’s “Squawk Box,” adding that he has seen “really, really positive signals in the […]
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