Central banks like the Federal Reserve and European Central Bank are closely monitoring inflation rates, with varying outcomes in different regions. While the Fed in the US is experiencing a significant drop in inflation without a recession, the European Central Bank is seeing inflation slightly above target. In Latvia, inflation has led to notable price increases across various goods and services over the past three years. Conversely, Russia is grappling with consumer inflation, with rates fluctuating week by week and exceeding annual targets. On a lighter note, hot air balloons filled the skies of Des Moines in preparation for the upcoming National Balloon Classic, featuring colorful displays and evening drone shows.