The RBA has maintained the Official Cash Rate (OCR) steady at 4.35% since November 2023, claiming inflation needs to “sustainably” return to its target band of 2% - 3% before considering a rate cut.
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Inflation likely accelerated in December, putting pressure on the Federal Reserve to keep interest rates relatively high.
U.S. consumer confidence dipped for the second consecutive month in January, a business research group said Tuesday.
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The latest survey from the Conference Board showed a sharp decline in how Americans feel about the current state of the economy.
The Conference Board released a report on Tuesday showing its U.S. consumer confidence index decreased from a notably upwardly ...
The Consumer Price Index report for January is expected to show broadly unchanged annual inflation according to nowcasts.
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