Japan's ruling Liberal Democratic Party is considering raising taxes. It plans to increase taxes on corporations, personal income and tobacco products from 2024 or later.

Bill Ackman, founder and CEO of Pershing Square Capital, said it would take a severe, job-eliminating recession. After that, inflation could return to the 2% level, what is considered to be the Fed's long-term goal.

Loan costs are stable at their lowest level in nearly three months. This caused the increase in U.S. home purchase applications

According to the median estimate released Wednesday, the interest rate is likely to peak at 5.1% next year. As the Fed raises its cash rate to the median level, the fight against inflation will be over.

Powell spoke at a press conference following a meeting of the Federal Open Market Committee. During his interview, Powell was asked whether the Fed could consider raising its inflation target.

The Central bank of New Zealand tried to suppress demand for controlling inflation, but experienced difficulties, which affected inflation.

The People's Bank of China (PBOC) extended the maturity of medium-term loans on Thursday. Thus, the interest rate remained unchanged for a fourth month in a row. It could largely match market expectations.

Import prices in the U.S. fell in November, recording a fifth month of decline. Stronger dollar positions coupled with a lower cost for petroleum products were the key drivers of a contraction. These factors support the market's view that the rate of inflation may slow in the coming months.

It’s reported that amid large releases from the U.S. Strategic Petroleum Reserve (SPR) and reduced refinery activity, U.S. crude inventories increased by 10.2 million barrels. This is the highest figure since March 2021.

On Thursday, the Bank of England raised the interest rate nine times in a row. Such a step looks foregone. Due to this, the investors will have to find out how many times they need to increase the rate.