Inflation

The Dow Jones Industrial Average, a blue-chip index, also registered gains.

Core inflation, a gauge that removes food and prices, came in higher than expected.

But the outcome will depend on the administration’s ‘ultimate level,’ Federal Reserve Chairman Jerome Powell said.

‘I would support lowering the policy rate as soon as our next meeting,’ says Michelle Bowman, a key Federal Reserve policymaker.

Federal Reserve Chair Jerome Powell said that while there have been three months of ‘favorable inflation readings,’ concerns remain.

The rate of Consumer Prices Index inflation fell to 3.4 percent in May from 3.5 percent in April, the Office for National Statistics said.

The report highlights a significant shift in Americans’ diets toward ultra-processed foods.

The president says deadline flexibility is possible while warning that the United States is prepared to impose take-it-or-leave-it trade terms if talks fail.

Tens of millions of Social Security recipients also received a 2.5 percent increase in 2025.

Shelter inflation accounted for much of last month’s increase.

More U.S. households say they are better off now than a year ago.

Millions will see their wages rise more than inflation.

The White House meeting came amid intensifying pressure from the president to ease monetary policy as inflation has fallen.

Millions of birds were culled in Australia in response to the outbreaks.

Egg prices surge 18.6 percent due to bird flu, while electricity bills drop 6.5 percent over the year thanks to state and federal government rebates.

Food prices are now 2.8 percent higher than a year ago, up from April’s 2.6 percent, according to the BRC-NIQ Shop Price Index.

The Office for National Statistics said Consumer Prices Index inflation hit 3.5 percent in April, up from 2.6 percent in March.

Sydney, Melbourne, Brisbane, and Adelaide now sit among the world’s 10 least affordable cities globally.

‘If you are in the stagflation camp, these data aren’t confirming your thesis,’ one market expert said.

The Dow Jones Industrial Average, a blue-chip index, also registered gains.

Core inflation, a gauge that removes food and prices, came in higher than expected.

But the outcome will depend on the administration’s ‘ultimate level,’ Federal Reserve Chairman Jerome Powell said.

‘I would support lowering the policy rate as soon as our next meeting,’ says Michelle Bowman, a key Federal Reserve policymaker.

Federal Reserve Chair Jerome Powell said that while there have been three months of ‘favorable inflation readings,’ concerns remain.

The rate of Consumer Prices Index inflation fell to 3.4 percent in May from 3.5 percent in April, the Office for National Statistics said.

The report highlights a significant shift in Americans’ diets toward ultra-processed foods.

The president says deadline flexibility is possible while warning that the United States is prepared to impose take-it-or-leave-it trade terms if talks fail.

Tens of millions of Social Security recipients also received a 2.5 percent increase in 2025.

Shelter inflation accounted for much of last month’s increase.

More U.S. households say they are better off now than a year ago.

Millions will see their wages rise more than inflation.

The White House meeting came amid intensifying pressure from the president to ease monetary policy as inflation has fallen.

Millions of birds were culled in Australia in response to the outbreaks.

Egg prices surge 18.6 percent due to bird flu, while electricity bills drop 6.5 percent over the year thanks to state and federal government rebates.

Food prices are now 2.8 percent higher than a year ago, up from April’s 2.6 percent, according to the BRC-NIQ Shop Price Index.

The Office for National Statistics said Consumer Prices Index inflation hit 3.5 percent in April, up from 2.6 percent in March.

Sydney, Melbourne, Brisbane, and Adelaide now sit among the world’s 10 least affordable cities globally.

‘If you are in the stagflation camp, these data aren’t confirming your thesis,’ one market expert said.