INFLATION

In this week's regular March meeting, the Federal Open Market Operations (FOMC) will likely maintain its current interest rate policy.

Wholesale prices in the U.S. unexpectedly surged in February, intensifying concerns about inflation and adding complexity to monetary policy decisions.

US consumer spending warmed slightly in February, according to government data released Thursday, with retail sales regaining ground after an earlier hit from cold weather.

"How can I pay you?" Tourists can pay for guesthouses and restaurants in pesos, euros or dollars.

The March Consumer Price Index (CPI) — a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services — rose 0.4% in February, above market expectations of 0.3%.

Powell addresses economic uncertainty and the Fed's stance on interest rates and inflation and providing insights on monetary policy.

The price of goods and services remains elevated around the U.S., as evidenced by four recent reports by the U.S. government.

In January, the Federal Reserve's pivotal inflation gauge increased by 0.4%, aligning with projections and marking a 2.8% surge compared to the previous year.

Gary Pilnick, the Chairman and CEO of Kellogg, who earns £4 million a year, made the comment after a report found that Americans spend 10% or more of their income on food.

"The notion of a virtuous cycle—wherein improvements in one domain precipitate enhancements across others—is particularly salient," said Patrick Fan, professor of business analytics at the University of Iowa's Tippie College of Business and an AI expert.

A senior Federal Reserve official confirmed Thursday that the US central bank still intends to start cutting interest rates "at some point this year," but warned against the potentially inflationary effect of over-consumption.

The S&P 500 ended the week at 5,005.57, down 0.30% for the week; the Dow Jones at 38,627.99, down 0.50%; the tech-heavy Nasdaq at 15,775.65, down 1.10% and the small-cap Russell 2000 at 2032.74, down 0.60%.

Argentina's monthly inflation slowed slightly in January, but the prices of key goods and services rose 254 percent year-on-year, the statistics agency said Wednesday.

Higher gas and electricity bills were the main upward contributor to the rate, but this was offset by falling prices for furniture, food and non-alcoholic beverages.

Dutch brewer Heineken on Wednesday reported a drop in annual profits as beer volumes declined in "challenging market conditions" including high inflation.

Stocks plummeted by more than 500 points as inflation data surpassed expectations, spurring concerns over Federal Reserve rate cuts.

Turkey's annual inflation rate stayed stable in January at nearly 65 percent, but month-on-month consumer price increases jumped sharply following a huge minimum wage hike, official data showed Monday.

The Federal Reserve's recent meeting maintained interest rates, while sparking speculation about potential cuts as analysts debate between March and May.

While more data is needed to reach a definite conclusion on the direction of inflation, there are a few reasons why the nation's central bank may declare victory against inflation and begin cutting interest rates.

Bolivia's governing party is in a state of all-out civil war led by its two most prominent leaders, pointing towards further instability down the road.

More Americans than ever before will fly between Christmas and New Year's in 2023.