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Added on the 02/02/2021 13:00:00 - Copyright : EFE Inglés
The Fed predicts a 5.2 percent rate of inflation, as measured by the personal consumption expenditures price index, before falling rapidly to 2.6 percent next year and 2.2 percent in 2024, Chair Jerome Powell says during a press conference. SOUNDBITE
The chair of the US Federal Reserve, Jerome Powell, predicts an annual inflation rate of 4.2 percent in 2021, up from the 3.4 percent forecast in June, dropping to 2.2 percent in 2022. SOUNDBITE
Beijing, Oct 15 (EFE/EPA).- The main indicator of inflation in China, the consumer price index (CPI), rose 1.7 percent year-on-year in September, the lowest rate so far this year, according to official data released by the National Bureau of Statistics on Thursday.In August the index had risen 2.4 percent compared to the same month last year, so the September data represents a drop of 0.7 percentage points in the month-on-month comparison. (Camera: Wu Hong).B-ROLL OF A MARKET IN BEIJING, CHINA.
"My colleagues and I are acutely aware that high inflation imposes significant hardship as it erodes purchasing power," US Federal Reserve Chair Jerome Powell says in Washington. SOUNDBITE
The US Federal Reserve holds interest rates at a 23-year high. "Today, the FOMC (Federal Open Market Committee) decided to leave our policy interest rate unchanged and to continue to reduce our securities holdings," announces US Fed Chair Jerome Powell. SOUNDBITE