This is an upward revision, reflecting stronger consumer spending on goods and services—particularly in healthcare, housing and utilities, and recreation.
If officials could know with confidence where the neutral rate of interest lay, they could just move there and declare victory. But it's not that simple.
The Netherlands' privacy watchdog says the ride-hailing giant sent European drivers' personal data to its San Francisco headquarters without putting in place a proper legal transfer mechanism.
"The vast majority observed that, if the data continued to come in about as expected, it would likely be appropriate to ease policy at the next meeting."
