U.S. inflation eases again, PCE shows. Prices rise at slowest pace in almost two years
The cost of goods and services rose a mild 0.2% in June as inflation eased again, but another measure of prices favored by the Fed showed less progress.
Stay updated with breaking news from Fomc. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The cost of goods and services rose a mild 0.2% in June as inflation eased again, but another measure of prices favored by the Fed showed less progress.
An obscure price tracker closely followed by economists also suggests inflation is slowing, but perhaps not quite as fast as the best-known indexes.
Policymakers in Europe could pose risks for markets with their interest-rate decision on Thursday
MOST Asian currencies were edging upwards on Thursday, with the Malaysian ringgit gaining the most, after the U.S. Federal Reserve delivered an expected 25 basis points (bps) rate hike, with market participants reading Fed Chair Powell's tone as more "moderate".
Currency hovers at 287 level in inter-bank market