The dollar edged higher on Thursday on expectations the currency would be boosted next year by policies by the incoming Donald Trump administration.
Most central banks around the world closed in on taming inflation this year without bringing about a recession. Many of them even began lowering interest rates after prolonged monetary policy tightening in the aftermath of the COVID-19 pandemic.
Inflation in the U.S. showed signs of cooling in November as price increases slowed sharply after two months of gains.
The Federal Reserve’s preferred inflation gauge moved slightly higher in November — but not as much as economists were expecting, an indication that price hikes aren’t accelerating in a worrisome fashion.
Russia's inflation has reached 9.5% this year, according to new weekly data showing that the consumer price index rose by 0.33% in the week leading up to Dec. 23, the statistical agency Rosstat reported on Wednesday.
The December 2024 economic projections from the central bank show significant changes from the September figures. They indicate rising inflation and potential impact.
Inflation reaccelerated in November by the measure preferred by policymakers at the Federal Reserve, but not as much as forecasters had expected.
The Personal Consumption Expenditures index climbed 2.4 percent from a year earlier, though the report’s details were more subdued than expected.
U.S. consumer spending increased in November amid strong demand for a range of goods and services, underscoring the economy's resilience, which saw the Federal Reserve this week projecting fewer interest rate cuts in 2025 than it had in September.
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Brazil economists raised their forecasts for inflation and borrowing costs in 2025 after central bankers reinforced their commitment to extend jumbo interest rate hikes into early next year.
U.S. stocks ripped higher and carried the S&P 500 to records as the economy kept growing and the Federal Reserve began cutting interest rates.