Higher housing, cars and food costs but once his take out Core Inflation was 4. 7 , the lowest since october 2021. The good news is that inflation has drifted down from last summers 40 drifted down from last summers a0 year highs but its still well above what the Federal Reserve thinks of as normal prices. With the overall trend heading in the right direction, policymakers may feel that they dont need to raise Interest Rates further. Us central bank, you may recall, raised its benchmark Interest Rate to more than five and a quarter , the highest in 22 years, all in a bid to call the economy and ease the pressure is pushing up prices. Cool. Qualities too early to say mission accomplished, from the white house to wall street there is a sense that progress has been made in the Worlds Largest economy. Chinas e commerce Giant Alibaba reported its strongest quarterly Revenue Growth in almost two years, pushing its us listed shares up by more than a . Earlier this week the latest data shows C
pushing its us listed shares up by more than a%. earlier this week the latest data shows consumer prices fell in china injuly, another sign of a slowdown in the world s second biggest economy. we have a consultant specialising in china s consumer market telling us why e commerce companies are doing well, despite the economy for economic headwind. fix, doing well, despite the economy for economic headwind. 3 lat doing well, despite the economy for economic headwind.- for economic headwind. a lot of consumers for economic headwind. a lot of consumers actually for economic headwind. a lot of consumers actually have - for economic headwind. a lot of consumers actually have a - for economic headwind. a lot ofj consumers actually have a habit of going online because of covid and even just before covid and even just before covid and even just before covid and a lot of those trends are sustained, even beyond covid. i think it has to do with all the investment, all these players have put i