BoJ Governor Kazuo Ueda reiterated the central bank’s is aiming for “gradual pickup” in prices, supported by a “solid increase in wages.” He emphasized that maintaining easy monetary conditions remains necessary to “support economic activity” and ensure that underlying inflation continues rising toward the 2% target. However, he also made it clear that BoJ’s stance […]
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In December in the US, headline PCE price index rose 0.3% mom while core PCE price index rose 0.2% mom, both matched expectations. In the 12-month period, PCE price index accelerated from 2.4% yoy to Read more…
Canada’s economy shrank by -0.2% mom in November, marking the largest contraction since December 2023 and coming in weaker than expectations of -0.1% mom decline. The downturn was broad-based, with 13 of 20 sectors reporting Read more…
The Federal Reserve’s preferred inflation gauge held steady again last month, data indicated Friday, but a big jump in personal spending into the end of the year continues to suggest elevated pressures and a lack Read more…