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UK inflation unexpectedly slows to 2.5% in December

Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. UK inflation unexpectedly slowed to 2.5 per cent in December as the economy weakened, easing pressure on chancellor Rachel Reeves and clearing the path for the Bank of England to press ahead with cutting interest … Read more

Bitcoin swings back above $96,000, in stunning reversal, as light inflation data stokes risk appetite

Jonathan Raa | Nurphoto | Getty Images Bitcoin bounced on Tuesday, rising with other risk assets as traders digested a light inflation reading. On Tuesday the price of the flagship cryptocurrency rose 4% to $96,781.15, according to Coin Metrics, after sliding below the $90,000 support level to start the week. The broader crypto market, as … Read more

India’s inflation slows to lower-than-expected 5.22% in December

People buy vegetables at a vegetable market in Siliguri, India, on December 28, 2024. Nurphoto | Nurphoto | Getty Images India’s inflation declined for a second straight month year on year, coming in just below expectations at 5.22% in December, boosting the case for prospective interest rate cuts. Analysts polled by Reuters had forecast a … Read more

Trump’s mass deportation plan could have a big effect on inflation

The U.S. saw inflation cool in 2024, but economists warn that President-elect Donald Trump’s plan for the mass deportation of undocumented immigrants could greatly affect prices. “Certainly the economic impacts are going to be felt,” said David J. Bier, the director of immigration studies at the Cato Institute. “There’s going to be supply chain issues. … Read more

Fed’s inflation worries didn’t bother markets

Jerome Powell, chairman of the U.S. Federal Reserve, at a news conference after a Federal Open Market Committee meeting in Washington, D.C., on Dec. 18, 2024. Al Drago | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything … Read more

Markets shrug off inflation warnings

Jerome Powell, chairman of the U.S. Federal Reserve, during a news conference following a Federal Open Market Committee meeting in Washington, DC, US, on Wednesday, Dec. 18, 2024. Al Drago | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed … Read more

China’s consumer inflation slows further in December, stoking deflation worries

Customers purchase fruit at a supermarket on December 9, 2024 in Qingzhou, Shandong Province of China. Vcg | Visual China Group | Getty Images China’s consumer price inflation in December slipped to 0.1% year on year, data from the National Bureau of Statistics showed Thursday, stoking deflation concerns. Growth in headline inflation was in line … Read more

Renewed inflation worries jolt markets

Shoppers at a produce store in the Chinatown district of San Francisco, California, U.S., on Monday, Jan. 6, 2025.  David Paul Morris | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter … Read more

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