The U.S. dollar hit a five-month high against the Japanese yen on Thursday on expectations the greenback would be boosted next year by policies by the incoming Donald Trump administration that are expected to boost growth and lift inflation.

The dollar edged higher on Thursday on expectations the currency would be boosted next year by policies by the incoming Donald Trump administration.

Most central banks around the world closed in on taming inflation this year without bringing about a recession. Many of them even began lowering interest rates after prolonged monetary policy tightening in the aftermath of the COVID-19 pandemic.

Inflation in the U.S. showed signs of cooling in November as price increases slowed sharply after two months of gains.

Bank of Thailand expects inflation to stay within the 1% to 3% target range in the next two years, Governor Sethaput Suthiwartnarueput said, describing the band as appropriate and supportive of the nation’s growth potential.

But the song – which counts up from Christmas to Epiphany on Jan. 6 – has also become the peg for a whimsical way to gauge year-over-year inflation. Pennsylvania-based PNC Bank and other financial institutions have tracked the costs of each set of ...

The Federal Reserve’s preferred inflation gauge moved slightly higher in November — but not as much as economists were expecting, an indication that price hikes aren’t accelerating in a worrisome fashion.

Federal Reserve leaders are unified in their resolve to quash the worst bout of inflation in four decades. They just no longer agree on how high to keep U.S. interest rates to achieve their goal.

The December 2024 economic projections from the central bank show significant changes from the September figures. They indicate rising inflation and potential impact.

The Personal Consumption Expenditures index climbed 2.4 percent from a year earlier, though the report’s details were more subdued than expected.

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Analysts are unsure what the Federal Open Market Committee will do with monetary policy in 2025. The panel projects two rate cuts, but some analysts expect more, and others see fewer.