Over the past year, the PCE index is up by 4.1%, its highest reading since April 2023 and more than double the preferred target rate for the Federal Reserve.
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Fed’s Preferred Inflation Gauge Climbs Above Target Range
U.S Jobless Claims Rose Last Week
U.S. jobless claims rose to 225,000 last week, but the level was still within a range consistent with a healthy labor market. Source link
Swiss Economy Expands Again
GDP grew 0.5% in the first quarter, but the war in Iran threatens to derail Switzerland’s recovery in the coming months. Source link
China Moves to Boost the Use of Yuan Globally
Chinese authorities rolled out more measures to promote the use of the yuan globally, their latest effort to build more resilient financial infrastructure to shield […]