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Core inflation in Tokyo stays below BOJ goal, factory output rebounds
Annual core inflation in Japan's capital stayed below the central bank's 2 per cent target for a fourth straight month in May, data showed on Friday, as fuel and tuition subsidies offset rising raw material costs from the U.S.-Israeli war on Iran. Separate data showed factory output rebounded in April as brisk AI-driven demand masked weakness in other sectors hit by the Middle East conflict, suggesting the economy was weathering the pain from rising fuel costs at least for now. The data will be among the factors the Bank of Japan will scrutinise at next month's policy meeting, when markets expect a hike in its ... (full story)
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The Federal Reserve’s preferred inflation gauge surged to a three-year high in April, adding to growing concern at the central bank and on Wall Street over broadening price pressures. The Personal Consumption Expenditures Index rose 3.8% in April as the conflict in the Middle East pushed oil prices higher. That was in line with expectations and up from 3.5% ...
Joe Lavorgna, SMBC Americas managing director & chief economist and fmr. counselor to Secretary Bessent, joins 'Fast Money' to talk the need to hike rates.
