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 International Travel News 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 International Travel News.
More InformationNEW YORK, New York - U.S. stocks rallied on Friday as economic data showed the U.S. Federal Reserve has likely tamed inflation. The...
WASHINGTON, DC - The U.S. Federal Reserve seemingly has inflation under control with the latest econbomic data confirming little push...
COPENHAGEN, Denmark: A remote Arctic facility designed to preserve the world's agricultural diversity is set to receive a major new...
LONON, U.K.: British Petroleum is set to abandon its ambitious renewable energy expansion targets in favor of a stronger focus on fossil...
WOLFSBURG, Germany: Volkswagen is strengthening its push into China's electric vehicle (EV) sector by partnering with CATL, the world's...
NEW YORK, New York - U.S. stocks floundered on Thursday as new trade tariffs were imposed, and those paused were given the green light. ...
ABU DHABI, UAE - Etihad Airways has announced plans to deploy its Airbus A380 aircraft on the Abu Dhabi–Toronto route starting June...
LOS ANGELES, California: The Trump administration is once again challenging California's high-speed rail project, with federal transportation...
BLAGNAC, France: Airbus has set a target of delivering around 820 commercial jets in 2025, marking a seven percent increase from the...
Air travel between the two countries was suspended following escalation of the Ukraine conflict ...
Latvian lawmakers have cited potential risk to citizens' safety and being recruited for espionage ...
Lucknow (Uttar Pradesh) [India], February 28 (ANI): Maha Kumbh 2025 has opened the doors to new possibilities of spiritual tourism...