BRASILIA (Reuters) – Brazil’s central bank governor Roberto Campos Neto said on Saturday that the latest inflation data had worsened but underscored the bank’s non-reliance on singular index readings to …
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JACKSON HOLE, Wyoming (Reuters) – Any thoughts that the 2% inflation goal long sought by the U.S. Federal Reserve and the European Central Bank might possibly be in for a …
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Central bank efforts to cool inflation may harm innovation, study shows
by Reutersby ReutersBy Howard Schneider JACKSON HOLE, Wyoming (Reuters) – Central bank efforts to slow inflation, by raising borrowing costs and cooling demand for goods and services, may also undermine investments in …
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Euro zone inflation to remain “too high for too long” – Bank of Spain deputy chief
by Reutersby ReutersMADRID (Reuters) -Inflation in the euro zone is expected to decline further over the remainder of 2023 but would stay above the European Central Bank’s 2% target for an extended …
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India inflation to return to comfort band once veg price shock ebbs – MPC’s Goyal
by Reutersby ReutersBy Swati Bhat and Ira Dugal MUMBAI (Reuters) – Retail inflation will return to the central bank’s comfort band of 2%-6% as vegetable prices soften, according to a member of …
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LONDON (Reuters) – British consumers’ mood perked up this month as lower inflation made individuals less downbeat about the outlook for their personal finances, although sentiment remained poor overall due …
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ECB must be stubborn to root out inflation, Bundesbank president tells Bloomberg
by Reutersby Reuters(Reuters) – Underlying inflation in the euro zone remains sticky and monetary policy needs to be more stubborn than price growth, Bundesbank President Joachim Nagel told Bloomberg TV on Thursday. …
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Australia hurt by inflation but unlikely to enter recession – NAB CEO
by Reutersby ReutersSYDNEY (Reuters) – Australian inflation over the past year-and-a-half was the worst in three decades but the country is still unlikely to experience a recession, the head of the country’s …
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Pandemic, inflation push 68 million more in Asia into extreme poverty – ADB
by Reutersby ReutersMANILA (Reuters) – The coronavirus pandemic and rise in cost of living have pushed close to 70 million more people in developing Asia into extreme poverty as of last year, …
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Trump’s universal tariffs would stifle economy, fuel inflation – White House
by Reutersby ReutersBy Nandita Bose WASHINGTON (Reuters) – The White House said on Wednesday former President Donald Trump’s proposal to impose new tariffs on all foreign imports would hurt America’s working families, …
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Analysis-With central banks’ job half done, global inflation talk is shifting
by Reutersby ReutersBy Balazs Koranyi JACKSON HOLE, Wyoming (Reuters) – Inflation has tumbled spectacularly across much of the world this year but the job is only half done, even if top central …
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Japan’s price trend gauges hit record, signal broadening inflation
by Reutersby ReutersBy Leika Kihara TOKYO (Reuters) – Japan may be seeing early signs of sticky inflation with several measures of broad price trends hitting record highs in July, data showed, heightening …
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Putin says Russia faces big economic challenges, must keep inflation in check
by Reutersby ReutersMOSCOW (Reuters) – Russian President Vladimir Putin said on Tuesday that inflationary risks were rising and he told the government and central bank to keep the situation under control. The …
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Aussie grocers to reap upbeat profits on sticky inflation; consumer behaviour key
by Reutersby ReutersBy Himanshi Akhand and John Biju (Reuters) – Australian supermarkets are set to report stronger full-year earnings as decades-high inflation propped shelf prices, but outlook on consumer behaviour with rising …
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J.D. FOSTER: The Inflation Reduction Act Is More than A Farce, It’s A Call
J.D. FOSTER: The Inflation Reduction Act Is More than A Farce, It’s A Call J.D. Foster on August 18, 2023 One year ago this week, President Joe Biden signed the …
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Argentina sets grocery price controls for 90 days to tame inflation
by Reutersby ReutersBUENOS AIRES (Reuters) – Argentina’s government announced on Friday a price agreement for supermarkets to limit monthly increases to a maximum of 5% for 90 days as the country tries …
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(Reuters) – Argentina’s economy ministry said on Thursday it will freeze fuel prices until October 31 after an agreement with the industry as a measure to help tamp down triple-digit …
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Ice cream prices double in a month as Argentina battles inflation
by Reutersby ReutersBy Anna-Catherine Brigida BUENOS AIRES (Reuters) – When Ernesto Acuna, a convenience store owner in Buenos Aires, received the new price list this week from his supplier of the snacks, …
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AMSTERDAM (Reuters) – The Dutch economy has entered a recession as it shrank 0.3% on a quarterly basis in the second quarter, a first estimate published by Statistics Netherlands on …
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JERUSALEM (Reuters) – Israel’s inflation rate eased to a 16-month month low of 3.3% in July from 4.2% in June, a drop that could continue to keep further Bank of …
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Biden’s ‘Inflation Reduction Act’ Did Nothing To Bring Down Inflation, Economists Agree
Biden’s ‘Inflation Reduction Act’ Did Nothing To Bring Down Inflation, Economists Agree Will Kessler on August 14, 2023 The Inflation Reduction Act did nothing to address the causes of inflation …
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By Michael S. Derby NEW YORK (Reuters) – Americans said last month they expected weaker inflation over the next few years, and they also marked up their own views of …
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A smooth ‘last mile’ to 2% inflation may not be a stretch for Fed
by Reutersby ReutersBy Howard Schneider WASHINGTON (Reuters) – Pessimists watching the Federal Reserve battle inflation have focused on the so-called “last-mile” problem, convinced a full return to the U.S. central bank’s 2% …
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Federal Government’s Spending And Money Printing Spree Causing ‘Inflation Tax’ Which Is Greater Than Income Tax
Federal Government’s Spending And Money Printing Spree Causing ‘Inflation Tax’ Which Is Greater Than Income Tax Will Kessler on August 11, 2023 Americans are paying far more to offset the …
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US consumer sentiment dips in August; inflation expectations improve
by Reutersby ReutersWASHINGTON (Reuters) – U.S. consumer sentiment dipped in August, but Americans expected inflation to edge lower over the next year and beyond, a survey showed on Friday. The University of …