Japan’s inflation picks up, backing BOJ’s case for rate hike

The consumer price index excluding fresh food rose 1.8% in July from a year earlier, picking up from a 1.6% advance in the previous month.

Core inflation — which strips out prices of fresh food but includes energy — was in line with expectations, coming in at 1.8%.

TOKYO, Aug 21 : Japan's core consumer inflation accelerated in July from a year earlier as firms passed on rising import costs from a weak yen and the U.S.-Israeli war on Iran, data showed on Friday, bolstering the case for a rate hike from the central bank.The data will be among the factors the Bank of Japan will scru

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Multiple Federal Reserve officials indicated the central bank may need to raise interest rates later this year, according to newly-released minutes of the Fed’s July meeting.  While most participants at the joint meeting of the Federal Open Market Committee (FOMC) and the Fed’s Board of Governors “anticipated that infl

There was no mention in the minutes of support for a rate cut, a sign of how the Fed's policy debate has shifted over the course of a year.

Fed Minutes Reveal Broader Support for Rate Increases  wsj.com

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Gold rose for a third straight session on Tuesday as ‌fears of a U.S. interest rate hike next month eased, with investors awaiting minutes from the Federal Reserve's latest meeting for fresh clues on the monetary policy path.

Gold extends gains on easing rate-hike fears, markets await Fed minutes  Reuters