In a recent address, Japan’s Finance Minister Katsunobu Kato has called for heightened awareness amid swirling global economic uncertainties stemming from trade spats and geopolitical strife. He pointed out that formidable long-term factors such as advancements in AI and the impacts of climate change are adding layers of complexity.
US inflation tops 4% for first time in three years, keeping Fed hike in play
US inflation climbed to 4.1% in May, driven by rising energy prices, keeping the Federal Reserve’s interest rate hike plans on the table for September.