New inflation data reveals price pressures remain elevated but contained. Analysts cite three key factors that interest rate hikes may not fix. Diesel prices set a record high, raising outlays for the broader economy.
Global banks anticipate another Federal Reserve hike following the latest inflation shocks. Central bankers are shifting toward a tougher stance. In Australia, the Reserve Bank is under pressure for a fifth increase before its upcoming cash rate decision. The data raises concerns about stubborn inflation.