July 31, 2025
United States:
Key US Inflation Gauge Picks Up on Goods, Spending Barely Rises
The Federal Reserve’s preferred measure of underlying inflation increased in June at one of the fastest paces this year while consumer spending barely rose, underscoring the dueling forces dividing policymakers over the path of interest rates.
The so-called core personal consumption expenditures price index, which excludes food and energy items, rose 0.3% from May, according to Bureau of Economic Analysis data out Thursday.
Europe:
German Inflation Slows Below 2% for First Time in 10 Months
German inflation slowed below the European Central Bank’s 2% target for the first time in 10 months, supporting policymakers’ view that they’ve brought the spike of recent years under control.
Consumer prices rose 1.8% from a year ago in July, down from 2% in June, Destatis said on Thursday.
Asia:
BOJ’s Ueda Tempers Near-Term Hike Expectations After Rate Hold
Bank of Japan Governor Kazuo Ueda kept investors guessing over the timing of his next interest rate hike with comments that cooled expectations of a near-term move and weakened the yen.
The BOJ kept the overnight call rate at 0.5% at the end of a two-day policy meeting in a widely expected unanimous vote, according to a statement Thursday.
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