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Comments from central bank chief come after PCE gauge of price pressures ticked higher in February
...“We are very much in a disinflationary trend, the economy is cooling and the Fed does not have to hike rates again.”...
...Jennifer Hughes Have Canada and Australia finished raising rates?...
...And not only is industrial policy back — it seems like the US’s public investment might deserve credit for the immaculate cooling we’re seeing on inflation....
...Additional reporting Harriet Clarfelt in New York and Jennifer Hughes in Chicago...
...Additional reporting by Jennifer Hughes in New York...
...While inflation is still higher than we’d like it to be, we’ve had a pretty decent cooling given all the headwinds out there....
...Their argument is premised on continued cooling trends in core inflation and the labour market....
...Slowdown in US used car market contributes to cooling inflation Rising used-car prices helped drive the worst US inflation in a generation. There are now signs those price rises are cooling....
...Nurses have provided air-conditioned vans and water at “cooling stations” outside Hollywood studios, where people have gathered at picket lines despite temperatures reaching 32C in the past week....
...New research suggests early humans were wiped out in Europe by “glacial cooling” more than a million years ago, challenging the idea that people have continuously lived in the region since first arriving...
...Jobs data After a week of data from the US labour department indicating that domestic job growth is cooling, the Conference Board will release its employment trend index reading for September....
...US jobs New claims for unemployment aid are expected to increase for the second straight week, as the labour market has started sending signals that the economy is cooling....
...La Niña, the counterpart to the opposing El Niño weather pattern, involves the large-scale cooling of the Pacific Ocean’s surface....
...More than 100,000 rail workers will be free to strike for the first time since 1992 if contracts are not agreed when a federally mandated cooling-off period expires on Thursday, unless Congress takes action...
...Despite the dramatic cooling in Los Angeles’ housing market since mortgage rates started to rise last year — and the imminent arrival of the city’s “mansion tax” — homes are still being listed in Trousdale...
...But now, warehouses are suffering from rate rises and cooling demand as the global economy causes a slowdown in ecommerce....
...But the Federal Reserve chair cautioned that policymakers would be “guided by the data” when making future decisions amid signs inflation could finally be cooling from its 40-year highs....
...Thanks for reading FirstFT Americas and here is the rest of the day’s news — Jennifer Five more stories in the news 1....
...Once billed as a disrupter to fast fashion — “I plan to put Zara out of business,” chief executive Jennifer Hyman told online trade publication Glossy in 2017 — Rent the Runway is part of a coterie of companies...
...Monetary policymakers believed the aggressive rounds of tightening were having an effect on consumer prices, said Jennifer McKeown, chief global economist at Capital Economics....
...Video: Plant-based meat — cooling off? A dip in sales growth and investor confidence in the US has analysts wondering whether the plant-based meat sector is going off the boil in its largest market....
...They don’t have cooling features like the exterior shutters common in the Mediterranean....
...More than five decades later his nephew Todd Youngblood has developed a new cooling system not unrelated to Hall’s innovation. That is one of four new gadgets to help you get a good night’s sleep....
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