South Korea inflation cools, but back-to-back rate hike not ruled out

SEOUL, Aug 4 : South Korea's consumer inflation softened to a three-month low in July, coming in below market expectations on a fall in oil prices, though policymakers remained wary of upward pressures and markets did not rule out a possible back-to-back rate hike this month.The consumer price index (CPI) rose 2.8 per

Williams said he expects inflation to fall in the second half of 2026, but the Fed will act if it stays above its 2% target

EXCLUSIVE: Fed's Williams expects inflation to ease, says Fed will act if it doesn't  Reuters

Federal Reserve officials who voted this week against the decision to hold interest rates steady said Friday they favor hiking now as a way to stave off inflation."In my view, now is the time for the [Federal Open Market Committee] to act to speed the return of PCE inflation to our 2 percent objective and deliver on ou

The Tokyo consumer price index is considered a leading indicator for nationwide price trends.

The Federal Reserve voted to hold interest rates unchanged in a range of 3.5% to 3.75%, with some officials dissenting in favor of raising rates by a quarter percentage point. The vote was 9-3. Bloomberg's Michael McKee reports. (Source: Bloomberg)