#YonhapInfomax #RBA #InterestRate #RateHike #MonetaryPolicy #Australia #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=118916
Key #inflation gauge jumps to highest level in 3 years as #GasPrices soared, the latest sign that the #IranWar is pushing up the #CostOfLiving & [should be] delaying any #InterestRate cuts by the #FederalReserve.
…Excluding the volatile #food & #energy categories, core inflation rose 0.3% in March from February, & it was 3.2% higher than a year earlier. The annual figure is above February’s reading of 3%.
#Trump #economy #TrumpsWar #law #NationalSecurity #oil
https://apnews.com/article/consumer-prices-gas-inflation-5c2037950e57d8e5d402a40b8fc41384

A key inflation measure jumped in March as gas prices soared, the latest sign that the Iran war is pushing up the cost of living and delaying any interest rate cuts by the Federal Reserve. The Commerce Department said Thursday an inflation gauge monitored by the Fed rose 0.7% in March from February, up slightly from the previous month. Compared with a year ago, prices rose 3.5%, the biggest increase in almost three years.
The #FederalReserve left its benchmark #InterestRate unchanged for the 3rd straight meeting but signaled it could still cut rates in coming months, moves that attracted the most dissents since Oct 1992.
The Fed kept its short-term rate at 3.6% & retained language in its statement suggesting the next move would be a rate reduction. 3 ofcls dissented in favor of removing the reference to a future cut, while a 4th, Stephen Miran, dissented in favor of an immediate rate cut.
https://apnews.com/article/powell-warsh-trump-federal-reserve-inflation-4e09e4cdb25856635c94abe0021fc1d3

Jerome Powell says he plans to remain on the board of the Federal Reserve after his term as chair ends next month “for an undetermined period of time.” He cited the recent legal actions taken by the Trump administration against the Fed as his reason for staying on. The Fed Wednesday left its benchmark interest rate unchanged for the third straight meeting but signaled it could still cut rates in the coming months, moves that attracted the most dissents since October 1992. The Senate Banking Committee earlier approved Powell's successor as chair, Trump appointee Kevin Warsh, on a party-line vote.