Australia Core Prices Slow to Record Low in Policy Challenge
Bloomberg 2 hrs ago
(Bloomberg)
Australia’s core inflation decelerated to the slowest pace on record as government programs lowered costs in the economy, highlighting the scale of the Reserve Bank’s challenge to reignite stronger price growth.
Annual trimmed mean core inflation eased to 1.1% in the first quarter, the weakest reading in a series dating back to 1983, versus an estimated 1.2% gain, the Australian Bureau of Statistics said in Sydney Wednesday. The gauge, the RBA’s preferred measure, advanced 0.3% from the final three months of last year, compared with economists’ estimates of a 0.5% rise.
Stock markets in Asia make modest gains, U S dollar in demand newzealandstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newzealandstar.com Daily Mail and Mail on Sunday newspapers.
U.S. Dollar Higher Before Fed Announcement
CANBERA (dpa-AFX) - The U.S. dollar spiked up against its major counterparts in the European session on Wednesday, as U.S. treasury yields rose before the policy decision from the Federal Reserve, with investors focused on the monetary policy outlook.
The decision is due at 2 pm ET, followed by a press conference with Chairman Jerome Powell half an hour later.
The Fed is expected to keep the key overnight interest rate near zero and the QE program at $120 billion a month.
Investors will be watching Powell s remarks for any clues on the direction of policy.
Health by David Mills, Natalie O’Brien, Merryn Johns 29th Apr 2021 5:35 AM
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Subscriber only India s coronavirus death toll shot past 200,000 on Wednesday as a relentless wave of new coronavirus cases swamped hospitals and sent desperate families out into the streets of the capital in search of oxygen supplies and medicine. Infection and death rates are soaring in the vast country of 1.3 billion, in contrast with the United States and some European nations which are taking tentative steps back towards normal life. The virus has now killed more than 3.1 million people worldwide, with India driving the latest surge, recording 360,000 new infections a global record and more than 3,000 deaths on Wednesday.
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