Full coverage· Economy· Updated
US Inflation Data May Delay Israeli Interest Rate Cut
New US inflation data showing a 0.4% rise in October, exceeding forecasts, may push back potential interest rate cuts by the Bank of Israel. The core CPI also rose more than expected, fueling concerns about persistent inflation and increasing the likelihood of a Federal Reserve rate hike.
2 newsrooms · 1 language · since
Plus
What happened
- 01US October inflation rose 0.4%, exceeding forecasts and potentially delaying Israeli interest rate cuts.
- 02Core US CPI also rose unexpectedly, increasing the likelihood of a Federal Reserve rate hike.
- 03Israeli market anticipates a rate cut, but US policy divergence may prevent it.
- 04Economist Yoni Fanning cited US rate hikes as a significant counterweight to Israeli cuts.
- 05Falling US oil and gasoline prices may moderate inflation in the coming months.
This contrasts with Israeli market expectations for a rate cut, with economist Yoni Fanning suggesting the US action would be a significant counterweight. Future moderation in US gasoline prices could eventually ease inflationary pressures.
The coverage
2 newsrooms on this story
Who covered it
- LeftNone
- CentreNone
- RightNone
- HarediNone
- ArabNone
- Other2
How it broke
See which of the 2 newsrooms broke it, and who waited
