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Reserve Bank of Australia governor Bullock said waiting to act until inflation eases could be too late.

2026-06-16

Reserve Bank of Australia governor Bullock said waiting to act until inflation eases could be too late.

Other News
2026-06-16

Fed chair Kevin Warsh has expressed a preference for the trimmed-mean PCE, which excludes extreme price moves before calculating a weighted average. Boston College economist Brian Bethune said the trimmed-mean PCE is not the most reliable gauge: it p

Fed chair Kevin Warsh has expressed a preference for the trimmed-mean PCE, which excludes extreme price moves before calculating a weighted average. Boston College economist Brian Bethune said the trimmed-mean PCE is not the most reliable gauge: it performs best when inflation shocks mirror the 2009–2019 pre-pandemic period, when positive and negative shocks were balanced. When price shocks are predominantly upward — supply disruptions, tariffs, oil-price spikes or large one-off events such as the World Cup — the metric tends to understate inflation, he said, and he hopes someone will challenge Warsh on the point. Regardless of the chosen gauge, US inflation has remained above the Fed's 2% target since spring 2021.
2026-06-15

U.S. Vice President Vance said there is an interesting phenomenon in Iranian state media: sometimes hardliners vigorously pitch the agreement to domestic audiences and at times misrepresent its contents; at other times elements of Israeli media pick

U.S. Vice President Vance said there is an interesting phenomenon in Iranian state media: sometimes hardliners vigorously pitch the agreement to domestic audiences and at times misrepresent its contents; at other times elements of Israeli media pick up and amplify those claims.
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