Fed-favored inflation gauge expected to cool to the slowest pace since June

Quick Summary:

THE Federal Reserve’s preferred inflation metric is expected to cool to the slowest pace since June, but glacial progress on taming price pressures overall will keep policymakers cautious about lowering interest rates further.

The following day, the Bank of Thailand is seen holding its benchmark at 2.25 percent, though Bloomberg Economics expects pressure to continue for another cut later this year.

China reports preliminary PMI data for February on Saturday, with a key being the extent to which the manufacturing gauge recovers after a lunar-holiday dip in January.

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Article Details

Author / Journalist: Bloomberg

Category: BusinessStartups

Markets: PhilippinesAustraliaCanadaChinaHong KongJapanSouth KoreaSingaporeSri LankaTaiwanThailand

Topics: January Data Inflation Likely Percent Price Keep Time Bloomberg Economics Consumer

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-23 @ 16:01:00 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 611 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Business Mirror

News ID: 26354873

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Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

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News Last Updated: 17 hours ago

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