February 21, 2025
United States:
Kugler Says Fed Has ‘Some Way’ to Go to Reach 2% Inflation Goal
Federal Reserve Governor Adriana Kugler said upside risks to inflation remain, signaling support for the central bank to hold its key policy rate steady for now.
Kugler said recent inflation data show price pressures persisted in January. She noted those figures also indicate the Fed’s preferred inflation measure, which will be released next week, likely remains above the central bank’s target.
Europe:
Euro-Zone Private Sector Barely Grows With Germany Offering Hope
Business activity in the euro area hardly grew again in February, reinforcing fears that the bloc remains mired in stagnation.
The Composite Purchasing Managers’ Index by S&P Global held at 50.2, just above the 50 threshold separating expansion from contraction. Analysts had predicted a reading of 50.5.
Asia:
Japan’s Inflation Accelerates, Keeping BOJ on Rate Hike Path
Japan’s inflation accelerated more than expected on higher food prices, rising at the fastest pace since the middle of 2023 and keeping the Bank of Japan on track to raise its benchmark interest rate further.
Consumer prices excluding fresh food rose 3.2% from a year earlier in January, the biggest gain since June 2023, according to the ministry of internal affairs Friday.
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