Keep pulling the thread on London Climate.
Stuart Paul of Bloomberg Economics believes the May inflation readings will represent the local peak for inflation, with disinflation expected to begin in June.
Bloomberg Intelligence estimates that $20 trillion will need to be spent globally on extreme weather over the next decade.
French utility company EDF may have to limit power output from its nuclear plants due to rising river temperatures, which hinder the cooling process.
Reserve Bank of Australia Governor Michelle Bullock stated that inflation is likely to remain high for some time due to the pass-through effects of higher fuel prices.
The Reserve Bank of Australia recently left its official cash rate unchanged at 4.35%.
Bloomberg Economics forecasts that the upcoming Personal Consumption Expenditures (PCE) report will show a 0.5% monthly increase in headline inflation.
Bloomberg Economics projects the annual Personal Consumption Expenditures (PCE) inflation rate will increase to 4.1%.
Bloomberg Economics expects core Personal Consumption Expenditures (PCE) inflation to be 0.4% on a monthly basis, boosting the year-on-year rate to 3.4%.
The reopening of the Strait of Hormuz is expected to reduce energy price pressures, which have been contributing to headline inflation.
Current strength in the US economy is driven by structural factors, such as hiring concentrated in healthcare and investment focused on onshoring and AI, rather than cyclical strength.
Stifel analysts are buyers of Carnival Cruise Lines stock ahead of its earnings report because they believe the company has not seen any deterioration in customer spending.
The options market is currently implying an approximate 6% stock price move for Carnival Cruise Lines following its upcoming earnings results.