Things like volatile food and energy prices, so called Core Inflation was 4. 7 , the lowest since october 2021. The good news is that inflation has drifted down from last summers a0 year highs, but it is still well above what the Federal Reserve thinks of as normal prices and with the overall trend heading in the right direction, policy makers, well, they may feel that they dont need to raise Interest Rates further. The us central bank, you may recall, raised its benchmark Interest Rate to more than 5. 25 percent, the highest level in 22 years, all in a bid to cool the economy and ease the pressures pushing up prices. So while its too early to say Mission Accomplished from the white house to wall street, there is a sense that progress is being 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 more than 4 . Earlier this week, the latest data showed Consumer Prices falli
price given the uncertainty with their income and economic outlook. so on nine financially becomes the place to shop when it comes to more value for money options. well, if you thought the post pandemic return to the office would create a bonanza of investment into office space, think again. according to the latest research, investment in commercial real estate in the asia pacific region fell by 17% in the second quarterfrom a year ago. one of the authors of this report, pamela ambler, told us what caused this drop. we are seeing investments for the first quarter down 17% which is a result of the interest rate uncertainty. it s notjust interest rate uncertainty. it s not just the interest rate uncertainty. it s notjust the fed, asian central banks across the region are looking not only at their own economy in terms of data and economic growth figures as well as infection but also taking cues from the fed. with the