<strong>Japan December Core CPI Up 4.0% Y/Y, 41-Year High on Continued Food Markups, Higher Utility Costs </strong>
–Core CPI (Ex-Fresh Food) Y/Y Rise Highest Since +4.0% in December 1981 –Core-Core CPI (Ex-Fresh Food, Energy) +3.0% Y/Y, 31-Year High Since +3.0% in August 1991 –Total CPI +4.0% Y/Y, Nearly 32-Year High; Largest Since +4.0% in January 1991 in Wake of 1990-1991 Gulf War By Max Sato (MaceNews) – Consumer inflation in Japan accelerated […]
Fed’s Brainard: Slower Rate Hike Pace Lets FOMC ‘Probe’ For ‘Sufficiently Restrictive’ Level
By Steven K. Beckner (MaceNews) – Federal Reserve Vice Chairman Lael Brainard said Thursday that a slower pace of monetary tightening will allow the Fed to “probe for” a level of interest rates that is “sufficiently restrictive” to bring down inflation, while keeping an eye on divergent economic risks in a highly uncertain environment. Brainard, […]