January 14, 2025
United States:
US Wholesale Inflation Surprisingly Eases on Drop in Food Prices
US wholesale inflation unexpectedly cooled in December, helped by a drop in food costs and flat services prices that may help temper concerns of lingering price pressures.
The producer price index for final demand rose 0.2% from a month earlier, according to a Bureau of Labor Statistics report released Tuesday.
Europe:
ECB’s Holzmann Says Outcome of Next Policy Meeting Is Unclear
European Central Bank Governing Council member Robert Holzmann said it’s unclear whether the Governing Council will lower interest rates again at its Jan. 30 policy meeting, citing “hiccups” in euro-area inflation.
“What will happen in two weeks’ time I don’t know,” he said Tuesday at a conference in Vienna. “I don’t think we can go down as straight as it is, particularly as we recently had some hiccups with regards to inflation.
Asia:
BOJ’s Deputy Chief Signals Chance of Rate Hike Next Week
Bank of Japan Deputy Governor Ryozo Himino signaled an interest rate hike may happen next week by saying that the board will discuss it, in a comment that goes beyond recent remarks by his boss about the January meeting.
“In conducting monetary policy, it is difficult but essential to judge the right timing,” Himino said Tuesday in a speech to local business leaders in Yokohama.
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