Further to Go With Rate Increases, Powell Tells -2- - News Summed Up

Further to Go With Rate Increases, Powell Tells -2-


Instant Pot maker's bankruptcy is an instance of how supply-chain pressures still are straining the finances of companies. (DJN) The pace of Japan's consumer inflation slowed slightly in May due to declines in electricity prices. Overall consumer prices rose 3.2% from a year earlier in May, compared with a 3.5% increase in April, government data showed Friday. (DJN) Singapore's consumer inflation slowed in May, as private-transport inflation eased and core inflation moderated. (DJN) Malaysia's consumer-price growth slowed in May, mainly due to lower transport costs due to lower crude oil prices.


Source: Wall Street Journal June 23, 2023 11:33 UTC



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