Oil Prices Climb on a U.S. Inventory Draw and Inflation Optimism
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Business groups warn spending could fuel inflation rise
Business groups have given a mixed reaction to the federal budget, questioning whether enough is being done to tackle long-term financial pressures. Treasurer Jim Chalmers’ third budget delivered a surplus of $9.3 billion, but deficits are set to follow over the next four years. Australian Chamber of Commerce and Industry chief executive Andrew McKellar said […]
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Japan's producer prices rise 0.9% in April
Japan's producer price index (PPI) rose by 0.9% in April compared to the same time period last year, the Bank of Japan revealed in a report on Tuesday.Meanwhile, on a monthly basis, the PPI increased
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Markets, Fed getting 'complacent' to rising prices: Strategist
Recent economic data, such as Tuesday's hotter-than-expected Producer Price Index (PPI) reading, suggest inflation is not moving as swiftly as hoped toward the Federal Reserve's 2% target. Verdence Capital Advisors Chief Investment Officer Megan Horneman joins The Morning Brief to give insight into how the markets are moving and why the Fed will need to adopt a more hawkish tone to rectify the current inflationary trend. Horneman explains that beyond the recent PPI report, there have been other...