By Suban Abdulla LONDON (Reuters) – British consumers have turned more pessimistic in the face of rising interest rates and high inflation, according to a survey published on Friday which …
Inflation,
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JPMorgan ups Turkey inflation, growth forecasts after rates decision
by Reutersby ReutersLONDON (Reuters) – Wall Street bank JPMorgan revised both its growth and inflation outlooks for Turkey upwards after the central bank delivered a smaller-than-expected interest rate hike on Thursday. JPMorgan …
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Exclusive-EU’s highest inflation to slow to 7-8% by Dec – Hungary finance minister
by Reutersby ReutersBy Krisztina Than and Gergely Szakacs BUDAPEST (Reuters) – Hungary’s annual inflation will slow to 7-8% by December from 20.1% in June, helping the economy rebound, Finance Minister Mihaly Varga …
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Instant View: Canada annual inflation rate slows to 2.8% in June
by Reutersby Reuters(Reuters) – Canada’s annual inflation rate slowed to 2.8% in June on lower prices for gasoline as a result of the base-year effect, while food and mortgage interest costs remain …
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ECB hawk says bank will carefully weigh inflation data after July
by Reutersby ReutersAMSTERDAM (Reuters) – The European Central Bank (ECB) will look closely for signs of inflation cooling down in the coming months to avoid taking rate hikes too far, governing council …
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Europeans Cut Back On Food As Inflation Steals Their Lunch
Europeans Cut Back On Food As Inflation Steals Their Lunch John Hugh DeMastri on July 17, 2023 Europeans are dramatically cutting back on consumer spending as the combination of inflation …
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Russian inflation expectations jump to 11.1% with rate decision imminent
by Reutersby ReutersMOSCOW (Reuters) – Inflationary expectations for the year ahead among Russian households climbed to 11.1% in July from 10.2% in June, the central bank said on Monday, just days before …
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By Swati Bhat and Siddhi Nayak MUMBAI (Reuters) – Food price spikes in India, typical at the onset of the monsoon, drove up headline inflation in June, corroborating the monetary …
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Russia to hike rates to 8% as weak rouble adds to inflation concerns: Reuters poll
by Reutersby ReutersBy Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – Russia’s central bank is expected to hike rates to 8% on Friday, increasing the cost of borrowing for the first time …
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Analysis-Bank of Canada hones messaging as inflation defies forecasts
by Reutersby ReutersBy Steve Scherer and Fergal Smith OTTAWA (Reuters) – The Bank of Canada has shifted to a less prescriptive messaging strategy than it used in January when it signaled a …
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Analysis-As deficit soars, Egypt expands money supply, fuelling inflation
by Reutersby ReutersBy Patrick Werr CAIRO (Reuters) – Egypt risks fuelling its record inflation and putting more pressure on the Egyptian pound if it does not slow an expansion of the money …
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By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian equities are on course Friday to round off their …
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UK food price inflation to be 9% in December, industry researcher cautions
by Reutersby ReutersLONDON (Reuters) – Food price inflation in Britain will decline through the balance of 2023 but will still be about 9% in December, a prominent grocery industry researcher said on …
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By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets could not be in better spirits going into …
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By Michael S. Derby NEW YORK (Reuters) – If economic trends that existed before the coronavirus pandemic reassert themselves, a modest cooling in the labor market may not be enough …
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White House economic official Brainard: inflation on moderating path
by Reutersby Reuters(Reuters) – National Economic Council Director Lael Brainard on Wednesday said the latest U.S. economic data shows that upward price pressures can and are receding without a surge in unemployment …
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(Reuters) – Inflation in Russia accelerated in June, data from the state statistics service Rosstat showed on Wednesday, a little over a week before the central bank is expected to …
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By David Randall NEW YORK (Reuters) – The flagship fund of star stockpicker Cathie Wood hit an 11-month high Wednesday, extending a rally that has been powered by bets that …
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Bank of Canada hikes growth forecast and says inflation slowing only gradually
by Reutersby ReutersOTTAWA, July 12 (Reuters)-The Bank of Canada (BoC) on Wednesday raised its growth forecast for this year to 1.8%, up from the 1.4% predicted in April, as excess demand continues …
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Fed’s Kashkari: Inflation fight must be won, new stress tests could help
by Reutersby Reuters(Reuters) – U.S. financial regulators should take steps to ensure banks can withstand further interest-rate hikes should the Federal Reserve need to deliver them to fight entrenched inflation, Minneapolis Fed …
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MILAN (Reuters) – European shares, currencies and bonds rallied on Wednesday after U.S. inflation slowed in June, feeding bets the Federal Reserve is nearing the end of a series of …
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By Ann Saphir (Reuters) -Inflation is slowing rapidly enough to allow the Federal Reserve to stop tightening U.S. monetary policy after what is still widely expected to be an interest-rate …
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Inflation Ticks Down, But Stays Well Above The Fed’s Goal
Inflation Ticks Down, But Stays Well Above The Fed’s Goal Will Kessler on July 12, 2023 Inflation fell in June, but still remains high following the Federal Reserve’s pause on …
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U.S. Treasury yields to fall amid inflation optimism: Reuters Poll
by Reutersby ReutersBy Sarupya Ganguly BENGALURU (Reuters) – U.S. Treasury yields will broadly fall over the coming year on expectations the Federal Reserve will soon end its hiking cycle, according to fixed-income …
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ACCRA (Reuters) – Ghana’s consumer inflation edged up again to 42.5% in annual terms in June from 42.2% in May, driven partly by higher food inflation, data from the statistics …