From Finimize: 2024-04-05 11:16:16

The US inflation battle continues, with inflation edging up after hitting 9.1%. The Federal Reserve aims for a delicate balance to maintain low inflation and maximum employment. The Fed plans to lower interest rates “at some point this year” if inflation stays on track. Next week’s inflation update could sway market expectations.

In the news last week: Amazon invests $4 billion in AI to boost Amazon Web Services. The US added 303,000 jobs in March, higher than expected. Eurozone inflation eases, putting pressure on the European Central Bank. China’s manufacturing sector shows signs of improvement, sparking optimism for economic recovery.

On the calendar this week: US consumer price index, Bank of Canada interest rate decision, ECB interest rate decision, Chinese inflation, US producer price index, UK GDP, US consumer confidence. Stay tuned for updates on global economic indicators.



Read more at Finimize: The US And The Inflation Tug-Of-War