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The price of a butter slab has spiked 26% since December, reflecting how inflation is unraveling for the average Russian in Vladimir Putin's war economy.

Within weeks of Donald Trump's 2016 election, U.S. Federal Reserve policymakers began mulling the impact of expected tax cuts and tariffs on the economy, penciling in rough estimates of what was to come, with some among them concluding higher interest rates may be needed to keep inflation in check. That included Jerome Powell, then a Fed governor and now the central bank's chair with chief responsibility for setting the course of monetary policy through the first 16 months of Trump's next term. The Republican former president defeated Democratic Vice President Kamala Harris in last Tuesday's election and will be sworn into office in January 2025.

(Bloomberg) -- US inflation probably moved sideways at best in October, highlighting the uneven path of easing price pressures in the home stretch toward the Federal Reserve’s target.Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion, ImmigrationThe core consumer price index due on Wednesday,

(Bloomberg) -- Australia faces the threat of short-term economic pain in the form of reduced output and further inflation pressures as a result of incoming US President Donald Trump’s policy agenda, according to Treasurer Jim Chalmers.Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion, Immigra

WASHINGTON (Reuters) -Widespread deportation of foreign-born workers from the United States probably would disrupt some businesses, but the impact on inflation and the broad economy would depend on the details, Minneapolis Federal Reserve President Neel Kashkari said on Sunday. Kashkari, appearing on the CBS program "Face the Nation," offered his views on the economic impact of U.S. President-elect Donald Trump's campaign promise to deport immigrants who are in the United States unlawfully. "If you just assume people are working - either working in farms or working in factories - and those businesses now lose employees, that would probably cause some disruption," Kashkari said.

On Thursday, Powell was asked if he would resign if President-elect Donald Trump demanded it, and Powell simply replied “no.”

About half of Donald Trump's voters cited high prices as the biggest issue affecting their vote. But they may have been blaming the wrong culprit.

NEW YORK (Reuters) -Investors will focus in the coming week on whether inflation trends can help sustain the record-breaking stock rally that has received a boost from Donald Trump's victory in the U.S. presidential race. The benchmark S&P 500 surged to an all-time high and hit the 6,000 level for the first time on Friday, as expectations of tax cuts and looser regulations under Trump helped lift the appetite for equities. A reassuring economic outlook from the Federal Reserve, which delivered a widely expected 25 basis point rate cut on Thursday, also helped boost sentiment.

(Bloomberg) -- Egyptian inflation slightly quickened for a third month, driven by a sharp rise in fuel prices.Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion, ImmigrationAnnual consumer prices in urban areas rose 26.5% in October versus 26.4% the month before, state statistics agency CAPMAS