The Latest Breaking News from Inflation

As widely expected, the Bank of England kept interest rates on hold as fears grow that the conflict between Israel and Iran will escalate to involve the United States. This would likely send oil prices soaring and push UK inflation further above target.

The Swiss National Bank cut interest rates to zero percent on Thursday as inflation cools and the franc strengthens, while the economic outlook has deteriorated.

Rate remains at 4.25 per cent as experts look to balance higher inflation with economic growth

Asian shares have retreated across the region as worries persist about conflict in the Middle East

Asian stocks fell Thursday after the Federal Reserve warned Donald Trump's trade war would likely reignite US inflation and dampen economic growth, while oil prices edged down as investors awaited developments in the Israel-Iran conflict.

Trump has slammed the US Federal Reserve Board chief Jerome Powell, calling him “stupid”, as the federal agency holds off on interest rate changes as it anticipates economic decline in the wake of the US president’s global tariff policies.

The S&P 500 Index ($SPX ) (SPY ) Wednesday closed down -0.03%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.10%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed unchanged. June E-mini S&P futures (ESM25 ) are unchanged, and June E-mini Nasdaq futures (NQM25 )...

The Federal Reserve’s quarterly projection included lower growth and higher inflation; the Fed also maintained its previous expectation of two interest rate cuts.

The dollar index (DXY00 ) Wednesday recovered from early losses and rose by +0.09%. The dollar moved higher Wednesday afternoon due to hawkish comments from Fed Chair Powell, who said, “We expect a meaningful amount of inflation in the coming months.” Mr. Powell’s comments signal the Fed is not close...