Swiss Inflation Unexpectedly Slows, Vindicating SNB Rate Cut

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(Bloomberg) -- Swiss inflation unexpectedly eased — vindicating the central bank’s surprise interest-rate cut last month.Most Read from BloombergKim Jong Un ...

Kim Jong Un Faces Annihilation in Most Korea War ScenariosConsumer prices rose 1% from a year ago in March, the statistics office said Thursday. That’s the lowest reading in 2 1/2 years. Economists had predicted an acceleration to 1.3%.The slowdown was primarily due to holiday lets, cars and private means of transportation, according to the statistics office. The so-called core gauge, which strips out volatile elements like energy and food, also decreased.

Still, in its most recent forecast the central bank had projected a slight quickening in inflation over the second and third quarters. According to economists, this is mainly due to rent hikes. Data from the surrounding euro area showed prices there rose an annual 2.4% last month. Based on the European Union’s harmonized measure, Switzerland’s gauge for March came in at 1.1%.Canada’s RBC Struggles to Go Green While Financing Oil -- Donald Trump has sued two co-founders of his newly public Trump Media & Technology Group Corp., claiming they set the company up improperly and shouldn’t get any stock in it.

Here's how much Americans have saved up in their retirement accounts by age — are you ahead or way behind?Canadians are continuing to be laid off as part of a wave of job cuts that began in 2023 as companies assessed their operations after the height of the COVID-19 pandemic passed. Tech companies, retailers and more have all begun shedding members of their workforce in a bid to navigate the economic downturn.

 

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