US January PPI Rises 0.5% from Previous Month—‘Sticky’ Services Push Index Above Forecasts (Comprehensive)
US January PPI rose 0.5% month-on-month, exceeding forecasts as core and services inflation remained elevated, highlighting persistent price pressures.
ECB Governing Council member Martins Kazaks said monetary policy remains well-positioned as inflation nears 2%, but warned that persistent services inflation and rising fiscal deficits could complicate the outlook.
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ECB Policymaker Says Monetary Policy Remains Well-Positioned—Concerns Persist Over Services Inflation
ECB Governing Council member Martins Kazaks said monetary policy remains well-positioned as inflation nears 2%, but warned that persistent services inflation and rising fiscal deficits could complicate the outlook.
RBA Governor Michele Bullock signaled that services inflation remains entrenched, prompting the central bank to hold rates at 3.60% despite market expectations for further cuts, while the Australian dollar was little changed.
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RBA Governor Says Services Inflation Remains Stubborn
RBA Governor Michele Bullock signaled that services inflation remains entrenched, prompting the central bank to hold rates at 3.60% despite market expectations for further cuts, while the Australian dollar was little changed.
RBA Governor Says Services Inflation Remains Stubbornly Persistent
RBA Governor warns that services inflation remains entrenched, signaling persistent price pressures in Australia's economy.
ECB Chief Economist Philip Lane expressed confidence that services inflation in the eurozone will ease this year, citing lower wage agreements and projecting CPI to return to the 2% target, while emphasizing that U.S. inflation trends do not automatically impact Europe.
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ECB Chief Economist Confident in Easing of Services Inflation This Year
ECB Chief Economist Philip Lane expressed confidence that services inflation in the eurozone will ease this year, citing lower wage agreements and projecting CPI to return to the 2% target, while emphasizing that U.S. inflation trends do not automatically impact Europe.
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