The hot inflation report came the week before new Federal Reserve Chair Kevin Warsh will oversee his first meeting — on Tuesday and Wednesday — of the Federal Open Markets Committee that has been increasingly divided in recent months about

Inflation rose 4.2 percent in May, the highest since 2023, keeping prices above the Fed’s target and increasing the odds of a rate hike later this year.

25 bp increase brings key rate to 4.75% MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) raised its benchmark interest rate for a second straight meeting as inflation pressures broadened, but signaled that future moves would likely remain measured unless second-round effects worsen.

FRANKFURT, June 17 (Reuters) - Euro zone negotiated wage growth appears to be slowing as predicted, European Central Bank data showed on Wednesday, offering policymakers relief that the Iran-war-induced inflation surge has not set off a fresh round of pay demands.

In a trading update, the South Africa group said it has seen “sharp increases in petroleum-linked input costs”.

Sure, the earnings average was up year over year, but prices increased more than earnings did, meaning that real wages fell, thanks to rising inflation.

June 15 (Reuters) - The European Central Bank has taken the first step to contain price pressures, but it is increasingly clear that more needs to be done, Slovak central bank chief and ECB policymaker Peter Kazimir said on Monday.