March 12, 2025
United States:
US Inflation Eases, Offering Some Relief Ahead of Tariffs
US consumer prices rose at the slowest pace in four months in February, offering some reprieve ahead of tariffs that are expected to drive costs higher.
The consumer price index increased 0.2% after a sharp 0.5% advance in January, according to Bureau of Labor Statistics data out Wednesday.
Europe:
Lagarde Says Era of Shocks Makes ECB’s Inflation Job Harder
European Central Bank President Christine Lagarde said abrupt shifts in global trade and the region’s defence architecture will make it harder to keep inflation stable.
Speaking at a conference in Frankfurt, Lagarde said the changes represent “two-sided shocks” that, along with climate change, complicate policymaking.
Asia:
BOJ Is Said to See Good Reasons to Oppose Bond Market Action
Bank of Japan officials see several reasons against intervening in the bond market even after benchmark yields hit the highest level since 2008, according to people familiar with the matter, elaborating on the thinking behind recent remarks from Governor Kazuo Ueda.
Speaking in parliament Wednesday, Ueda indicated he has little problem with the recent rising yield trend, as it reflects the market’s view on Japan’s economy and inflation and shifts in interest rates overseas.
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