Wednesday, October 30

Business

Spain’s Inflation Trends in September: Insights from INE
Business

Spain’s Inflation Trends in September: Insights from INE

The latest report from the National Statistics Institute (INE) highlights that the recent decrease in inflation in Spain is primarily attributed to the decline in electricity prices compared to the previous year. In September, the Consumer Price Index (CPI) dropped by six tenths, indicating an annual increase of 2.8%. Notably, the CPI, excluding energy and fresh food to mitigate drastic fluctuations, has dipped below the 3% mark that it had maintained for the past two months. This decline in the CPI for September follows two consecutive months of decreases, contrasting with the peaks observed in March, April, and May. July saw the CPI hitting its lowest point since February, holding steady at 2.8%. Concurrently, core inflation remained unchanged in July, marking its lowest level since 2...
Federal Reserve Shifts Focus to Labor Market Amid Inflation Data Stability
Business

Federal Reserve Shifts Focus to Labor Market Amid Inflation Data Stability

This week, the latest inflation figures captured investors’ attention, with the Consumer Price Index (CPI) dipping to 2.9%, marking a 0.2% annual decrease. Although this aligns with market forecasts, market responses were subdued, leaving market movements ambiguous. Analysts note the Federal Reserve’s success in managing inflation, prompting a shift in focus towards the labor market. During its recent meeting, the Federal Reserve highlighted the increasing significance of its staff in decision-making processes. A notable change in communication emphasized a dual focus on potential risks to price stability and employment, hinting at a shift away from inflation concerns towards labor market dynamics. As the Fed gears up for its upcoming September meeting, the impact of employment d...