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CNA
2 days ago
- Business
- CNA
Dollar falls after moderate rise in US inflation
NEW YORK : The U.S. dollar fell against the yen and euro after data showed underlying inflation in the world's largest economy rose less than expected last month, suggesting the Federal Reserve could cut interest rates sooner than later. The core consumer price index - a gauge of underlying inflation - rose just 0.1 per cent in May after a 0.2 per cent rise in April. The dollar fell 0.3 per cent against the yen to 144.44 yen, while the euro rose 0.4 per cent to $1.1470.
Bloomberg
10-05-2025
- Business
- Bloomberg
US Inflation Starting to Stir as Trump Tariff Threat Looms
US consumer prices probably picked up in April after the smallest advance in nine months, foreshadowing a broader acceleration as many companies seek to pass on higher tariffs. A closely watched gauge of prices paid by Americans for goods and services, excluding volatile food and energy costs, is forecast to have risen 0.3%, based on a Bloomberg survey of economists. In March, the so-called core consumer price index inched up just 0.1%.
