China Inflation Cools Further as Deflation Fears Rise

China Inflation Cools Further as Deflation Fears Rise

China’s consumer inflation continued its downward trend in June, rising just 0.2% year-on-year, according to data released Wednesday. That was lower than analysts’ expectations and adds to concerns about potential deflation in the world’s second-largest economy. A Reuters poll had forecast a 0.4% rise in consumer prices in June. Meanwhile, the producer price index, which…

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Powell Highlights Progress on Inflation, But Calls for More Assurance Before Lowering Rates

Powell Highlights Progress on Inflation, But Calls for More Assurance Before Lowering Rates

Federal Reserve Chairman Jerome Powell on Tuesday expressed satisfaction with the progress made over the past year in tackling inflation, but stressed that more confidence was needed before considering a rate cut. «We’ve made quite a bit of progress in getting inflation back to our objective,» Powell told a central bank forum in Sintra, Portugal….

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