JN Tokyo Core CPI y/y

The Swiss National Bank (SNB) will be the final major central bank to announce its policy decision in September. Like the Fed, there is a substantial degree of uncertainty around the size of the cut. Investors have priced in around a 60% probability of a 25-basis-point rate reduction, with the remaining odds being for a 50-bps move. Expectations for a larger cut have gained ground since the beginning of August when the Swiss franc spiked higher against the US dollar and euro. SNB chief Thomas Jordan, who will chair his last meeting ...

Core inflation in Japan's capital accelerated for a fourth straight month in August, data showed on Friday, tracking comfortably above the central bank's 2% target and backing market expectations of more interest rate hikes ahead. The Tokyo core consumer price index (CPI), which excludes volatile fresh food costs, rose 2.4% in August from a year earlier, faster than a median market forecast of 2.2% and the 2.2% gain in July. A separate index that strips away the effects of both fresh food and fuel costs, closely watched by the BOJ as ...

The Federal Reserve’s favored inflation yardsticks are poised to show the tamest monthly advances since late last year — a stepping stone for officials to begin lowering interest rates, possibly as soon as September. Economists expect no change in the May personal consumption expenditures price index and a minimal 0.1% gain in the core measure that excludes food and energy, based on median projections in a Bloomberg survey of economists. The report, due Friday, is also projected to show 2.6% annual advances in both the overall and ...

Although the Fed’s updated dot plot pointed to only one quarter-point reduction by the end of the year, the softer-than-expected CPI numbers a few hours ahead of last week’s decision did not convince market participants about officials’ intentions. The weaker-than-expected retail sales numbers this week corroborated that view. Indeed, according to Fed funds futures, investors are penciling in around 50bps worth of reductions by the end of the year, assigning around a 70% probability for the first cut to be delivered in September.With ...

Inflation in Tokyo accelerated in May, keeping the Bank of Japan largely on track to consider a rate hike in coming months even as the economy continues to show signs of weakness. Consumer prices excluding fresh food rose 1.9% in May in the capital, ministry of internal affairs data showed Friday. The result, which matched economists’ consensus estimate, was largely driven by utility costs related to renewable energy surcharges. The Tokyo inflation figures typically serve as a leading indicator for national trends. That suggests a ...

Core inflation in Japan's capital slowed for a second month in April to fall below the central bank's 2% target, data showed on Friday, complicating its decision on how soon to raise interest rates. The reading comes just hours ahead of the conclusion of the Bank of Japan's two-day policy meeting, where the board is set to keep interest rates steady and produce fresh quarterly inflation projections through early 2027. The core consumer price index in Tokyo, a leading indicator of nationwide figures, increased 1.6% in April from a ...

Core inflation in Japan's capital slowed for a second month in April to fall below the central bank's 2 per cent target, data showed on Friday, complicating its decision on how soon to raise interest rates. The reading comes just hours ahead of the conclusion of the Bank of Japan's two-day policy meeting, where the board is set to keep interest rates steady and produce fresh quarterly inflation projections through early 2027. The core consumer price index (CPI) in Tokyo, a leading indicator of nationwide figures, increased 1.6 per ...

Core inflation in Japan's capital slowed in March and factory output unexpectedly slid in the previous month, heightening uncertainty on how soon the Bank of Japan can raise interest rates again after exiting its radical monetary stimulus. Core consumer price index (CPI) in Tokyo, an early indicator of nationwide figures, rose 2.4 per cent in March from a year earlier, matching a median market forecast and slowing slightly from a 2.5 per cent gain in February. A separate index that excludes the effect of both fresh food and fuel ...