Some economists say inflation will soon resume its slowdown after flaring recently, letting the Fed cut rates. Others say it will stay high longer.

Economists had tipped CPI growth for the March quarter of 0.8%, and an annual inflation rate of 3.5%

Australian consumer price inflation slowed less than expected in the first quarter as service cost pressures stayed stubbornly high, a disappointing result for policymakers that led markets to abandon hopes for any rate cuts this year.

Australia’s inflation came in faster than expected in the first three months of 2024, suggesting price pressures are proving stickier and bolstering the case for the central bank to hold interest rates at a 12-year high.

The latest inflation figures out of Australia are anything but reassuring for those dreaming of rate cuts and a stable moving AUD-USD. Despite the

Mexico's consumer prices unexpectedly rose in the first half of April, national statistics agency INEGI said on Wednesday, reinforcing bets that the country's central bank will hold its benchmark interest rate at its next policy meeting.

Australia's consumer price index fell to 3.6% in the first quarter from 4.1% in the previous quarter, slowing for the fifth straight quarter but coming in above forecasts of 3.4%. Australia's monthly CPI indicator also accelerated to 3.

EQ Economics Managing Director Warren Hogan says the annual inflation dropping to 3.6 per cent from 4.1 per cent is “stronger than expected”.