US Import Prices YoY (Apr) Y/Y 4.2% (Prev. 2.1%)
The year-over-year increase in US import prices to 4.2% from the previous 2.1% suggests a significant inflationary pressure on imported goods.
"The ceasefire between Israel and Lebanon will be extended for an indefinite period", Sky News Arabia reports
Israeli Defence Minister Katz says the Iran mission is not over; Israel is prepared for the possibility that we may need to act again
US Import Prices YoY (Apr) Y/Y 4.2% (Prev. 2.1%)
Russia is looking forward to direct contacts with Chinese President Xi that are not linked to US President Trump’s visit to China, TASS reports
UK Health Minister ally says to Sky's Rigby, Streeting has not decided to trigger a challenge/immediate contest, PM Starmer needs to set out a timetable; Mail's Hodges says "I am told the bulk of the cabinet will now move in behind this position as well"
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This spike could lead to concerns about rising costs for consumers and businesses, potentially influencing the Federal Reserve's approach to future rate adjustments.
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