Odds of UK interest rate cut this week fall after core inflation rises; IMF postpones Russia visit after backlash – business live

UK inflation rate remained unchanged last month, as air fares rose and petrol prices dropped, but underlying inflation has risen

the Guardian
Fed Reserve President says that he wants to see many more months of progress on #inflation before making any type of #interest rate cuts. #nflation has been tough to keep under control. Read more: https://www.cnbc.com/2024/05/28/feds-kashkari-wants-to-see-many-more-months-of-positive-inflation-data-before-a-rate-cut.html
#HighCosts #HighPrices