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 Nepal National 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 Nepal National.
More InformationNEW YORK, New York - U.S. stocks were mixed Wednesday as investors and traders grappled with the ADP report, which revealed payrolls...
DEARBORN, Michigan: Ford is pulling back tens of thousands of its electric pickup trucks over a steering defect that could lead to...
NEW YORK CITY, New York: Best Buy, the biggest electronics store chain in the U.S., has lowered its forecast for the year. The company...
ISSAQUAH, Washington: Costco is feeling the pinch from tariffs and soft consumer spending, missing Wall Street's revenue expectations...
NEW YORK, New York - U.S. stocks closed higher on Tuesday as the markets continues to ebb and flow on prouncements and moves by the...
NEW YORK CITY, New York: Weak U.S. manufacturing data, renewed tariff concerns, and rising oil prices are giving investors plenty to...
NEW DELHI, India: India's economy hit a four-year low of 6.5 percent, lifted by an impressive fourth-quarter growth at 7.4 percent....
Skardu [PoGB], June 5 (ANI): Gilgit-Baltistan is witnessing a deepening political and human rights crisis that observers warn may mirror...
New Delhi [India] June 5 (ANI): The Bangladesh Cricket Board (BCB) announced a 16-member squad for the upcoming two-match Test series...
New Delhi [India], June 5 (ANI): Congress leader Pawan Khera on Thursday decried the 'continuous legitimisation of Pakistan sponsored...
Washington, DC [United States], June 5 (ANI): While interacting with the Indian diaspora in Washington, DC, BJP MP Tejasvi Surya stressed...
New Delhi [India], June 5 (ANI): Bharatiya Janata Party leader Nishikant Dubey on Thursday slammed Congress and former Prime Minister...