In April, consumer prices inflation in the United States slowed down slightly, with inflation at 3.4 percent compared to 3.5 percent in March. Energy, food, services, and housing all saw price increases from the previous year. Core inflation, which excludes the direct impact of energy and food prices, was 3.6 percent. The central bank has been tightening monetary policy to tame inflation and aims for a two percent average inflation rate over time.
The central bank paused its tightening in June but resumed it in July. Despite expectations of a rate cut earlier in the year, stubborn inflation has delayed this move. The latest inflation data suggests that the central bank may not lower interest rates until the fall, as an inflation rate above three percent is deemed too high. The open market committee hinted at postponing a rate cut due to slower progress in inflation reduction.
In South Korea, officetels are multi-use buildings that serve various purposes
