US Inflation Eases, NZ Credit Hardships Rise Amid Rate Hike Uncertainty

The US inflation measure has come in lower than expected, providing some breathing room for interest rate hikes. According to data released on September 30, the core Personal Consumption Expenditures (PCE) index rose by 3% over the year to August. This figure is a key indicator of inflation and will likely influence the Federal Reserve's decision on interest rates.

Meanwhile, in New Zealand, credit hardships are increasing. Centrix, a credit reporting agency, has reported a rising trend in hardship arrangements. These arrangements allow borrowers to temporarily suspend or reduce their debt payments due to financial difficulties.