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US inflation rises due to energy costs, BP CEO's resignation raises doubts about green energy transition, China's healthcare corruption crackdown faces challenges
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- US inflation rises, but core inflation shows signs of moderation, influencing future interest rate decisions.
- BP CEO's resignation raises concerns about the company's culture and leadership, posing challenges for its energy transition strategy.
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US inflation rises, Fed may raise rates
Inflation in the US increased last month, with the consumer price index rising by about 0.5%. However, core inflation, which excludes volatile items, showed signs of moderation. The Federal Reserve is closely monitoring these numbers as they look to contain inflation. While rates may not be raised in the upcoming meeting, the November decision could be influenced by further concern about inflation.
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