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Some signs point to larger inflation risk than in 2022, ECB blog argues

Some signs point to larger inflation risk than in 2022, ECB blog argues

FRANKFURT, June 3 (Reuters) - It is not a given that the current inflation shock facing the euro zone will be more benign than the 2022 episode, as some initial conditions flag larger inflationary risks, a blog post written by senior ECB economists argued on Wednesday.
Reuters Reuters
South Korea inflation hits two-year high, imminent rate hike in play

South Korea inflation hits two-year high, imminent rate hike in play

By Jihoon Lee SEOUL, June 2 (Reuters) - South Korea's consumer inflation quickened in May to a more than two-year high, exceeding market expectations on high oil prices triggered by the Middle East conflict, supporting the case for monetary tightening as early as next month.
TheStreet TheStreet
Federal reserve has a message for Americans on inflation, economy

Federal reserve has a message for Americans on inflation, economy

Inflation is running at 3.8%. The Iran conflict is pushing energy prices higher. Markets have priced out rate cuts entirely through at least 2027. It would be easy to assume the Federal Reserve is preparing to raise interest rates. One governor just said that assumption could be wrong. She said it ...
Reuters Reuters
Bank of England's Bailey says public must be given confidence in 2% inflation target

Bank of England's Bailey says public must be given confidence in 2% inflation target

By David Milliken and Suban Abdulla LONDON, June 2 (Reuters) - Bank of England Governor Andrew Bailey said on Tuesday it was important to get UK inflation back to target and give households confidence about the central bank's ability to do so.
Reuters Reuters
Euro zone inflation rises again, reinforcing case for ECB hike

Euro zone inflation rises again, reinforcing case for ECB hike

FRANKFURT, June 2 (Reuters) - Euro zone inflation accelerated further last month on higher energy and services costs, bolstering the already strong case for a small European Central Bank interest rate hike later this month, Eurostat data showed on Tuesday.
Reuters Reuters
Analysis-Euro zone firms struggle to raise prices despite Iran war shock

Analysis-Euro zone firms struggle to raise prices despite Iran war shock

By Francesco Canepa and Rob Lang FRANKFURT, June 2 (Reuters) - Only a third of the euro zone's largest companies have indicated they are raising prices in response to the Iran war, a Reuters analysis of listed corporate earnings commentary shows, suggesting a weak economy is curbing their pricing
Reuters Reuters
Fed's Hammack eyes tighter policy if inflation doesn't abate

Fed's Hammack eyes tighter policy if inflation doesn't abate

By Michael S. Derby June 2 (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammack said Tuesday that the U.S. central bank may need to act “soon” to combat inflation pressures that are already too high and are on a worrisome trend.
Trendline Trendline
Federal Reserve Expected to Raise Interest Rates Amid Rising Energy Prices

Federal Reserve Expected to Raise Interest Rates Amid Rising Energy Prices

Federal Reserve Expected to Raise Interest Rates Amid Rising Energy Prices
Trendline Trendline
U.S. Dollar Steadies Amid Middle East Tensions and Anticipated Economic Data

U.S. Dollar Steadies Amid Middle East Tensions and Anticipated Economic Data

U.S. Dollar Steadies Amid Middle East Tensions and Anticipated Economic Data
Reuters Reuters
Australia lifts minimum wage to match increases in inflation

Australia lifts minimum wage to match increases in inflation

SYDNEY, June 2 (Reuters) - Australia's independent wage-setting body said on Tuesday that the country's lowest-paid workers will get a 4.75% pay rise from July, roughly in line with an expected rise in inflation projected by the central bank.
Reuters Reuters
BOJ chief to deliver key speech as pressure mounts for June rate hike

BOJ chief to deliver key speech as pressure mounts for June rate hike

By Leika Kihara TOKYO, June 3 (Reuters) - Bank of Japan Governor Kazuo Ueda will deliver a closely watched speech on Wednesday that could reveal his thinking on the prospects of a June rate hike, as surging fuel costs from the Iran war broaden price pressures in an already fragile economy.
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Israel rates may fall faster if Iran ceasefire lowers inflation, cenbank chief says

Israel rates may fall faster if Iran ceasefire lowers inflation, cenbank chief says

By Steven Scheer JERUSALEM, June 2 (Reuters) - Israel's short-term interest rates could fall at a faster pace if inflation continues to ease as a result of increased optimism over a ceasefire deal with Iran that has pushed down energy prices, Bank of Israel Governor Amir Yaron said on Tuesday.