Lola Evans
28 Feb 2025, 21:06 GMT+10
WASHINGTON, DC - The U.S. Federal Reserve seemingly has inflation under control with the latest econbomic data confirming little push back.
The Personal Consumption Expenditures Price Index for January has come in at 2.5 percent, in line with expectations, according to the Bureau of Economic Analysis, in a report published on Friday.
The January figure was slightly better than December when the PCE price index registered a 2.6 percent increase.
U.S,. stock prices rallied on the news with major indices recording gains across-the-board.
Meantime in Tokyo, the Statistics Bureau of Japan said the Tokyo headline CPI retreated sharply to 2.9 percent in january, from 3.4 percent. The news sent the Japanese yen sharply lower. The unit was changing hands at 150.54 in late-afternoon trading in New York on Friday. The Nikkei 225 in Tokyo earlier closed sharply lower, with the key index tumbling 1,100.67 points or 2.88 percent to 37,155.50.
Get a daily dose of Haiti Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Haiti Sun.
More InformationBEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...
]LONDON, U.K.: A World Health Organization (WHO) expert group investigating the origins of the COVID-19 pandemic released its final...
DOVER, Delaware: California Governor Gavin Newsom has taken legal aim at Fox News, accusing the network of deliberately distorting...
FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...
TORONTO, Canada: Harvard University and the University of Toronto have created a backup plan to ensure Harvard graduate students continue...
JERUSALEM, Israel: Israeli Prime Minister Benjamin Netanyahu says that Israel's success in the war with Iran could open the door to...
Vancouver, Canada: A high-stakes legal showdown is brewing in the world of athleisure. Lululemon, the Canadian brand known for its...
LONDON, U.K.: British oil giant Shell has denied reports that it is in talks to acquire rival oil company BP. The Wall Street Journal...
NEW YORK, New York - U.S. stock markets closed firmly in positive territory to start the week Monday, with the S&P 500 and Dow Jones...
WASHINGTON, D.C.: On Friday, President Donald Trump announced that he was halting trade discussions with Canada due to its decision...
LONDON, U.K.: A little-known investment fund based in the United Arab Emirates has emerged as the most prominent public backer of U.S....
SAN FRANCISCO, California: Across the U.S., a growing number of people are taking obesity treatment into their own hands — literally....