latest news in inflation
Housing Inflation Standoff: Fed's Powell Signals No Quick Relief Until 2026
Washington, D.C., Monday, 18 November 2024.
Federal Reserve Chair Jerome Powell’s latest forecast reveals a sobering reality for homeowners and buyers: housing inflation won’t normalize until mid-2026. The delay stems from reduced housing mobility, with fewer Americans signing new leases, making it harder for price adjustments to reflect in official inflation data. This timeline challenges earlier market expectations and suggests sustained pressure on housing affordability for the next 18 months.
Trump's Economic Plans: A Recipe for Soaring Grocery Prices
New York, Wednesday, 13 November 2024.
Nobel laureate Paul Krugman warns that Donald Trump’s proposed mass deportations and tariffs could significantly drive up inflation, particularly affecting food prices. With undocumented workers comprising a large portion of the agricultural workforce, their removal could lead to severe labor shortages and increased production costs.
Argentina's Inflation Drops to 2.7%: Milei's Economic Strategy Shows Promise
Buenos Aires, Wednesday, 13 November 2024.
President Javier Milei’s libertarian government celebrates as Argentina’s monthly inflation rate falls to 2.7% in October 2024, the lowest in three years. This significant decrease marks a potential turning point in the country’s economic crisis, despite ongoing challenges and high annual inflation of 193%.
US Inflation Holds Steady at 2.6%, Signaling Economic Stability
Washington D.C., Wednesday, 13 November 2024.
The US inflation rate reached 2.6% in October 2024, aligning with expectations. This marks the first increase in seven months, driven by slower declines in energy costs and steady shelter inflation. Core inflation remained at 3.3%, suggesting a stable economic environment closely watched by investors and policymakers.
Russia's Butter Crisis: A Symptom of Putin's War Economy
Moscow, Tuesday, 12 November 2024.
As Russia’s military spending soars, inflation hits staple foods hard. Butter prices have surged 26% since December, leading to thefts and highlighting the economic strain of prolonged conflict. The central bank’s struggle to balance war costs and inflation underscores the challenges facing Putin’s economic strategy.