BOE Set to Resume Rate Cuts After Inflation Drop
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Millions of Americans braced for runaway inflation in response to President Trump's aggressive import tariffs. They're still waiting.
Beating back inflation is only half the battle in lowering the cost of living — you also have to think about people's pay, economists argue.
Economists predict the next shift in European Central Bank interest rates will be up, aligning with the views of investors and influential Executive Board member Isabel Schnabel as inflation settles around 2%.
Trump's economic adviser Kevin Hassett is currently the strong favorite to succeed Jerome Powell as the next Fed chair.
Inflation likely accelerated to its fastest pace in more than a year, a key report is expected to show Thursday.
November CPI arrives at a critical moment, with markets pricing just 24% odds of a January Fed cut as investors weigh inflation risks.
High inflation could have a crushing impact on struggling Aussie families with one expert warning high prices and interest rates could persist for decades.
Lower food prices in November helped the UK inflation rate ease to 3.2% from 3.6% last month, according to new official data. Inflation - the rate at which prices rise - is now at its lowest level in eight months but remains above the Bank of England's target of 2%.