June 22, 2024

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Charting the Global Economy: Inflation Picks Up in US, Tokyo

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US underlying inflation picked up along with consumer spending as the third quarter drew to a close, government figures showed ahead of the Federal Reserve’s penultimate policy meeting of the year.

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(Bloomberg) — US underlying inflation picked up along with consumer spending as the third quarter drew to a close, government figures showed ahead of the Federal Reserve’s penultimate policy meeting of the year.

Consumer price growth also gathered pace in Tokyo, an indicator of nationwide inflation. Bank of Japan officials also meet next week, as do Bank of England policymakers. In the UK, fresh data showed employment declined for a third month.

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Bloomberg News

2023-10-28 05:24:55

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