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EU Commission cuts 2024 euro zone growth forecast, sees smaller inflation

EU Commission cuts 2024 euro zone growth forecast, sees smaller inflation

© Reuters. FILE PHOTO: European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium, July 14, 2021. REUTERS/Yves Herman//File Photo By Jan Strupczewski BRUSSELS (Reuters) -The euro zone economy will grow slower than expected this year after price growth eroded purchasing power and high ECB interest rates curbed credit, but inflation in 2024…

India inflation likely cooled to a three month low in January: Reuters poll

India inflation likely cooled to a three month low in January: Reuters poll

© Reuters. FILE PHOTO: Customers buy fruits and vegetables at an open air evening market in Ahmedabad, India, August 21, 2023. REUTERS/Amit Dave/File Photo By Milounee Purohit BENGALURU (Reuters) – India’s retail inflation likely eased to a three-month low of 5.09% in January on slowing food price rises and favourable base effects, according to economists…

Thai inflation lowest in nearly 3 years, but central bank may hold rates

Thai inflation lowest in nearly 3 years, but central bank may hold rates

© Reuters. Skyscrapers are photographed against the setting sun in Bangkok, Thailand, January 4, 2023. REUTERS/Athit Perawongmetha/File Photo By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) -Thailand’s annual headline consumer inflation rate fell to its lowest in 35 months in January, data showed on Monday, and the commerce ministry said it expected price pressures to…

Citadel’s Griffin says cooling inflation could lead to Fed rate cuts this summer

Citadel’s Griffin says cooling inflation could lead to Fed rate cuts this summer

© Reuters. Ken Griffin, Founder and Chief Executive Officer of Citadel, looks on during the Global Financial Leaders’ Investment Summit, in Hong Kong, China November 7, 2023. REUTERS/Tyrone Siu/File Photo (Reuters) – Cooling inflation in the United States gives the Federal Reserve room to potentially start cutting interest rates this summer, Citadel founder and billionaire…