📈 Inflation in New Zealand In Q3, the Reserve Bank of New Zealand reported an inflation rate of 3.4%, down from 3.6% in the previous quarter. Overall inflation stood at 2.2%, within the central bank’s target range of 1-3%, allowing room for continued interest rate cuts.
🛡️ Israel Ramps Up Military Activities Israel is showing signs of escalating the conflict with Hezbollah in the eastern region, particularly in the Golan Heights, aiming to control weapon supply routes and bolster defense. This may intensify tensions in the region.
📊 Risk of Inflation Beyond Fed’s Control Analysts warn that U.S. inflation may spiral out of the Federal Reserve’s control, putting U.S. bonds at risk. The upcoming presidential election and protectionist economic policies are also contributing factors to rising inflation pressures.
💹 Bank of Japan Optimistic About Inflation Bank of Japan member Seiji Adachi noted that a wage and price increase cycle is forming, helping to reach the 2% inflation target. However, the depreciation of the Yen could push inflation higher in the future.
🔥 China Prevents Financial Crisis President Xi Jinping has set a goal to support heavily indebted local governments and revive the stock market, while working to prevent a financial crisis, rather than driving strong consumer demand.
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