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New Zealand's annual inflation rate rose to 4.1% in the second quarter, its highest level in two years. The figure came in above expectations, raising fresh questions about the central bank's interest rate policy.
New Zealand's inflation rate is expected to hit a two-year high, driven largely by a spike in fuel prices caused by the Middle East war. Economists say the surge stems mainly from volatility in global energy markets.
Speculation that Japan's Government Pension Investment Fund, the world's largest pension fund, has been buying Japanese government bonds has moved bond yields and swayed the yen. Market participants are closely watching for signs of a shift in the fund's strategy.
With Federal Reserve Chair Kevin Warsh cutting back on public commentary, investment firms are turning to artificial intelligence tools to read the central bank's intentions. On Wall Street, traders have nicknamed the effort 'WarshGPT.'
New Federal Reserve Chairman Kevin Warsh avoided major stumbles during two days of testimony before the House and Senate. His commitment to price stability now faces a rapid, real-world test.
Reserve Bank of India governor Sanjay Malhotra identified the Iran war's pressure on oil prices and the trajectory of this year's monsoon rains as the two key risks facing India's economy. Malhotra said both factors will shape the outlook for inflation and growth.
South Korea's central bank has raised its policy interest rate for the first time since 2023, citing economic momentum driven by surging demand for AI chips. The decision underscores how much the export-driven economy is benefiting from the AI hardware boom.
Federal Reserve Chairman Kevin Warsh said Wednesday he communicates with Treasury Secretary Scott Bessent more often than their regular weekly meetings. Warsh insisted the central bank's policy decisions remain free of political influence.