Inflation Eases Around the World

Financial Times: “Inflation in the United States and the 20-country eurozone is easing, fueling speculation that central banks may cut interest rates later this year after record-high rates since the Covid-19 pandemic and Russia’s full-scale invasion of Ukraine in February 2022.”

“U.S. inflation eased to 2.4 percent in the year to January, according to data published yesterday on personal consumption expenditures, slipping from December’s rate of 2.6 percent.”