Optimism is growing that the Fed is on track to deliver a rare soft landing
Softer price report could reassure the central bank's policymakers
Energy and housing prices fuelled the increase
Heightened global tensions pose risk of weaker growth
Minutes show that officials see further interest rate hikes as still possible, given economic uncertainty
Demand for workers remains strong by historical standards
Month-over-month drop was the largest since April 2020
Wednesday’s planned meeting between Biden and Xi would be the first time the two leaders will have spoken in a year
A modest 150,000 U.S. jobs were created in the month amid higher borrowing rates
Labour market shows strength, even as the Fed tries to cool the economy