By Mike Dolan LONDON (Reuters) – And just like that… he was gone. It may be a little premature to say goodbye to the above-target inflation rates that have plagued Western economies over the past three years. But it seems increasingly misguided to claim that the episode has reinforced expectations of higher inflation. While expectations … Read more
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s central bank cut its benchmark rate for the first time since March 2020 and announced further cuts in coming months, saying inflation was moving closer to its 1% to 3% target in a marked dovish tilt that prompted a sell-off in the dollar. The decision to cut … Read more
By Alden Bentley NEW YORK (Reuters) – U.S. Treasury yields fell on Tuesday after a dovish producer price report that looked unlikely to divert the Federal Reserve from a easing path, while consumer price data on Wednesday will round out the inflation picture. The producer price index for July rose a less-than-expected 0.1% after rising … Read more