Bloomberg Daybreak: Asia Edition cover image

Fed Reacts to US CPI, Alibaba Earnings

Bloomberg Daybreak: Asia Edition

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The Rise of Inflation in the US Economy

Gasoline prices are well below last year's level. That certainly is providing a boon or rather some relief for consumers. We don't seem to have much of the wage sort of inflation that we had, wasn't it this time last year? Yes, wage pressures are less intense compared to last year, but they're still rising very aggressively.

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