January 15, 2025
United States:
US Core CPI Eases to 0.2% After Months of Firm Inflation
US consumer prices rose in December by less than forecast after months of faster underlying inflation persuaded the Federal Reserve to signal a pause in interest-rate cuts.
The so-called core consumer price index — which excludes food and energy costs — increased 0.2% after rising 0.3% four straight months, Bureau of Labor Statistics figures showed Wednesday.
Europe:
ECB Will Keep Easing with Economy Losing Momentum, Guindos Says
The European Central Bank will continue lowering interest rates as the region’s economy struggles to grow, according to Vice President Luis de Guindos.
“The policy trajectory is clear, and we expect to continue to further reduce the restrictiveness of monetary policy,” Guindos said Wednesday. “The latest information suggests that the economy is losing momentum.”
Asia:
Yen Rallies as BOJ’s Ueda Fuels January Rate Hike Speculation
The yen surged as Bank of Japan Governor Kazuo Ueda joined his deputy in strengthening market expectations for a potential interest-rate hike next week, signalling the central bank is doing its utmost to avoid a global market crash that followed July’s hike.
The Japanese currency strengthened as much as 0.8% to a one-week high of 156.71 against the dollar following Ueda’s remarks at an event hosted by the Regional Banks Association of Japan Wednesday.
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