US inflation progress gets harder in last mile down

Quick Summary:

US inflation probably moved sideways at best in October, highlighting the uneven path of easing price pressures in the home stretch toward the Federal Reserve’s target.

Meantime, earnings growth that continues to outpace inflation likely contributed to another decent gain in retail sales, in data due Friday.

China’s slew of figures comes at the end of the week, on the same day that Japan is expected to report that its economic growth slowed to an annualized 0.6 percent quarter on quarter in the three months through September.

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Article Details

Author / Journalist: Molly Smith & Craig Stirling / Bloomberg

Category: BusinessStartups

Markets: PhilippinesArgentinaAustraliaCanadaChinaIndiaIndonesiaJapan

Topics: Prices Week Price Quarter Data September Bank Central Inflation Growth October

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-10 @ 12:59:23 (5 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 692 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23492040

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Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

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