Topic: #inflation
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Gold steadies near $4,000 as US inflation eases rate-hike bets
Gold stabilized near $4,000 per ounce on June 25 after US inflation data met expectations, reducing September rate-hike odds from 68% to 63%. The metal has lost roughly 25-28% since January's peak of $5,589, pressured by a stronger dollar and capital rotation toward equities.
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Bank of Japan raises rates to 1%, warns inflation may exceed 2% target
The Bank of Japan raised its policy rate to 1% on June 16, marking its fourth hike since March 2024. Deputy Governor Ryozo Himino warned on June 19 that inflation could exceed the BOJ's 2% target, citing rising energy costs and a weakening yen as primary drivers.
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ECB wage tracker shows 2.6% growth in H2 2026, complicating rate cuts
The ECB's wage tracker projects negotiated pay growth of 2.6% year-on-year in the second half of 2026, an acceleration driven by fading one-off payments. The faster wage growth could prolong eurozone disinflation and pressure the central bank to delay rate cuts.
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OPEC+ raises oil quotas 188,000 barrels per day in July amid supply constraints
OPEC+ announced a collective production increase of 188,000 barrels per day starting in July, marking the fourth consecutive monthly hike. Analysts warn the quota raise is largely symbolic given Middle East supply disruptions and the UAE's recent departure from the alliance.
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OPEC+ raises July oil quota 188,000 barrels daily amid Strait blockade
OPEC+ approved its fourth consecutive monthly production increase on June 7, adding 188,000 barrels per day starting in July. Regional tensions blocking the Strait of Hormuz prevent the additional supply from reaching global markets, keeping oil prices elevated and sustaining inflation that constrains central bank rate cuts and crypto assets.
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Solana SIMD-0550 proposal doubles disinflation rate, cuts $1.5B emissions
SIMD-0550 proposes doubling Solana's annual disinflation rate from 15% to 30%, potentially eliminating $1.5 billion in future SOL emissions and reaching terminal inflation in 2.8 years instead of 5.7. The proposal has backing from Solana Labs co-founder Anatoly Yakovenko but raises concerns about validator revenue.
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Logistics costs hit four-year high, signaling persistent inflation risks for Fed
Logistics costs surged to their highest level since 2022, driven by Middle East tensions and shrinking transportation capacity. The spike complicates the Federal Reserve's inflation outlook and could delay rate cuts.
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Fed's Williams: New tariffs unlikely to significantly impact inflation
Federal Reserve Bank of New York President John C. Williams stated that new tariffs are not expected to have a significant impact on inflation, with market pricing suggesting stable expectations for rate cuts in 2026.
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Bitcoin falls below $69K as Fed's Hammack warns of sticky inflation
Bitcoin fell below $69,000 on Tuesday after Federal Reserve Bank of Cleveland President Beth Hammack warned that policymakers may need to raise interest rates if inflation remains elevated, citing monetary policy as insufficiently restrictive to hit the Fed's 2% target.
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US inflation hits 3.8% in April, Bitcoin slides as Fed holds rates steady
Headline PCE inflation rose to 3.8% in April, nearly double the Fed's 2% target and its hottest pace in two years, while new Fed chair Kevin Warsh faces mounting pressure to justify holding rates steady through June.
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Bank of England holds rates at 3.75%, signals inflation tolerance
The Bank of England held rates steady at 3.75% in April 2026 and signaled willingness to tolerate inflation above its 2% target, prioritizing economic stability over aggressive tightening amid Middle East supply disruptions.
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US inflation accelerates to 3.8%, outpacing wage growth and delaying Fed rate cuts
US consumer price inflation jumped to 3.8% year-over-year in April 2026, the highest level since May 2023, while wage growth lagged at 3.6%, squeezing household budgets and pushing Federal Reserve rate cuts further into the future.
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ECB's Schnabel calls for June rate hike to combat 3% inflation
Isabel Schnabel, an ECB Executive Board member, says the central bank must raise rates at its June 10-11 meeting to counter euro-area inflation running at 3%, well above the 2% target. Markets price the odds of a 25 basis point hike at 85%.