Keep pulling the thread on London Climate.
Bloomberg Economics forecasts monthly headline Personal Consumption Expenditures (PCE) inflation will be approximately 0.5%, boosting the annual rate to about 4.1%.
Bloomberg Economics predicts monthly core Personal Consumption Expenditures (PCE) inflation will be about 0.4%, which will increase the year-on-year rate to approximately 3.4%.
Stuart Paul of Bloomberg Economics predicts that the May inflation readings will represent a local peak, with disinflation expected to begin in June and continue through the second half of the year.
Bloomberg Intelligence estimates that $20 trillion will need to be spent globally on extreme weather over the next decade.
Corporate commitments to climate goals have increased by 72%, with 72% of the Global Fortune 500 now having at least one climate goal.
French utility company EDF has stated it may have to limit power output from its nuclear plants because rising river temperatures inhibit cooling capabilities.
The Reserve Bank of Australia left its official cash rate unchanged at 4.35% despite having raised rates three times already this year.
Australia's national annual minimum wage was increased by 4.75%, a decision that influences about 20% of wages across the economy.
Bloomberg Economics forecasts that the upcoming Personal Consumption Expenditures (PCE) inflation report will affirm the Federal Reserve's relatively hawkish stance.
The reopening of the Strait of Hormuz is expected to reduce energy price pressures that have been boosting headline inflation.
Stuart Paul of Bloomberg Economics believes a Federal Reserve interest rate cut next year is possible, depending on the trajectory of the labor market in 2027.
Stiefel analysts remain buyers of Carnival Cruise Lines stock ahead of earnings, believing the company has not seen any deterioration in customer spending.