By David Milliken and William Schomberg LONDON (Reuters) -British inflation defied predictions of a slowdown and held at 8.7% in May, putting yet more pressure on the Bank of England …
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By William Schomberg LONDON (Reuters) – British inflation defied forecasts of a fall in May and stayed far above price growth in the United States and elsewhere in Europe, pressuring …
- Business News
UK inflation shock rocks markets as investors eye more rate hikes
by Reutersby ReutersBy Yoruk Bahceli and Dhara Ranasinghe LONDON (Reuters) – Investors on Wednesday ramped up bets on the Bank of England raising interest rates by a hefty half a percentage point …
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A look at the day ahead in European and global markets from Tom Westbrook British inflation figures this morning could take traders’ minds off England’s cricket defeat, should they show …
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By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – Two Federal Reserve policymakers and an economist nominated to join them on the Fed’s Washington-based board on Tuesday said their focus …
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SEOUL (Reuters) – South Korea’s producer inflation slowed in May to its weakest pace in nearly 2-1/2 years, central bank data showed on Wednesday, due mostly to weaker oil prices. …
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By Ann Saphir SAN FRANCISCO (Reuters) -Pandemic-related snarls in global supply chains have mostly receded, but their after-effects still account for a big chunk of excess U.S. inflation, an analysis …
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PARIS (Reuters) – The French economy is on course to avoid a recession this year while inflation pressures ease though growth and will only gradually pick up in the coming …
- Business News
Canada retools inflation baskets, more focus on food, gas prices
by Reutersby ReutersBy David Ljunggren OTTAWA (Reuters) – Canada’s national statistics agency on Tuesday revealed new weights for the basket of goods and services in its Consumer Price Index, giving more prominence …
- Business News
Australia’s unemployment rate needs to rise to curb inflation – top c.banker
by Reutersby ReutersSYDNEY (Reuters) -Australia’s unemployment rate needs to rise to help contain inflation and avoid higher interest rates and a deep recession, a top central banker warned on Tuesday, after data …
- Business News
Australia’s central bank hiked rates for fear inflation was becoming entrenched
by Reutersby ReutersSYDNEY, June 20 (Reuters) – Australia’s central bank’s decision to hike interest rates in June was “finely balanced” but judged necessary to ensure high inflation did not become embedded in …
- Business News
Mexican inflation seen at lowest level in more than two years-Reuters poll
by Reutersby ReutersMEXICO CITY (Reuters) – Mexico’s headline inflation likely reached its lowest level in more than two years during the first half of June, but remained above the central bank’s target, …
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SEOUL (Reuters) – South Korea’s central bank said on Monday that upward risks to core inflation were “a little high” amid strong consumption and employment trends, raising the prospect of …
- Business News
Goldman calls markets too optimistic on pace of US inflation drop -Bloomberg
by Reutersby Reuters(Reuters) – Inflation in the United States will not decline as quickly as markets are currently pricing, according to a note from strategists at Goldman Sachs cited in a Bloomberg …
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By Alvise Armellini, Giuseppe Fonte and Giulio Piovaccari ROME (Reuters) -Italy’s government said on Friday it had taken steps to limit the influence of China’s Sinochem on tyremaker Pirelli, including …
- Business News
US consumers’ near-term inflation expectations hit two-year low; sentiment rises
by Reutersby ReutersBy Lucia Mutikani WASHINGTON (Reuters) -U.S. consumers’ near-term inflation expectations dropped to more than a two-year low in June and the outlook over the next five years improved slightly, according …
- Business News
Fed see key services inflation elevated with few signs of easing
by Reutersby ReutersBy Howard Schneider (Reuters) -Inflation in key parts of the U.S. service industry “remains elevated and has not shown signs of easing,” the U.S. Federal Reserve said in its latest …
- Business News
Fed’s Barkin says “comfortable doing more” if inflation does not fall
by Reutersby ReutersBy Howard Schneider WASHINGTON (Reuters) – Richmond Federal Reserve president Thomas Barkin said Friday he is comfortable with further interest rate increases if coming data does not show that weakening …
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(Reuters) – U.S. equity funds saw their most substantial weekly net purchases since early 2021 during the seven days leading up to June 14, as concerns over a potential rate …
- Business News
Bank of England set to raise rates to 4.75% as inflation slow to fall
by Reutersby ReutersBy David Milliken LONDON (Reuters) – The Bank of England looks set to raise interest rates by a quarter point to a 15-year high of 4.75% on June 22, its …
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By James Davey and Sarah Young LONDON (Reuters) -Tesco, Britain’s biggest retailer, said the country’s food inflation was starting to ease, signalling some relief for squeezed shoppers and the wider …
- Business News
Central banks, waiting for relief on inflation, lean towards higher rates
by Reutersby ReutersBy Howard Schneider, Balazs Koranyi and Leika Kihara WASHINGTON/FRANKFURT/TOKYO (Reuters) -Two years into confronting rising inflation, the world’s top central banks are still waiting for a decisive turn in their …
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(Reuters) – Global equity funds witnessed their largest inflow in 12 weeks, as stocks surged on expectations that subdued U.S. inflation data would prompt the Federal Reserve to pause rate …
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BRUSSELS (Reuters) – Euro zone consumer inflation sharply decelerated in May, the European Union’s statistics office confirmed on Friday, with the core price growth measure, watched closely by the central …
- Business News
UK public’s inflation expectations ease in May, Bank of England survey shows
by Reutersby ReutersLONDON (Reuters) -The British public’s expectations for inflation in the coming 12 months cooled in May, according to a Bank of England survey on Friday that also showed net satisfaction …