SEOUL (Reuters) -South Korea’s consumer inflation slowed more than expected and hit a 21-month low, official data showed on Tuesday, weighed by falling oil and agricultural product prices. The consumer …
Inflation,
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Turkey pledges to keep tightening until inflation outlook improves
by Reutersby ReutersBy Orhan Coskun, Ezgi Erkoyun and Huseyin Hayatsever ANKARA (Reuters) – Turkey will continue its monetary policy U-turn, which began with a sharp post-election rate hike last month, until the …
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Brazil economists foresee deeper monetary easing, lower inflation
by Reutersby ReutersBRASILIA/SAO PAULO (Reuters) – Private economists in Brazil anticipate deeper monetary easing this year and improved inflation prospects until 2026 following the government’s decision to maintain the country’s inflation goal …
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Fourth Of July Cookout Spending To Hit Record High Amid Inflation
Fourth Of July Cookout Spending To Hit Record High Amid Inflation Laurel Duggan on July 3, 2023 Individual spending on Fourth of July food items has risen to $93.34 on …
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Don’t assume rates and inflation will settle back down – BoE’s Greene
by Reutersby ReutersLONDON (Reuters) – Megan Greene, who is due to join the Bank of England’s Monetary Policy Committee this week, said central banks should not assume that interest rates will settle …
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LONDON (Reuters) -The British public’s expectations for inflation over the coming year rose in June but long-run expectations eased, according to a survey that will feed into the Bank of …
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Swiss inflation dips to 1.7% in June, but rate hike still expected
by Reutersby ReutersBy John Revill ZURICH (Reuters) – Swiss inflation dipped to 1.7% in June, the government said on Monday, although economists expect the Swiss National Bank to stay its course and …
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By Stefanno Sulaiman and Fransiska Nangoy JAKARTA (Reuters) – Indonesia’s annual inflation rate in June eased to 3.52%, settling into the central bank’s target range for a second straight month, …
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Emerging markets carry investor hopes for H2 on lower inflation, rates
by Reutersby ReutersBy Rodrigo Campos and Marc Jones NEW YORK/LONDON (Reuters) – From BlackRock to JPMorgan, some of the world’s top investors are upbeat on emerging markets for the second half of …
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Instant View: US consumer spending edges up in May; inflation still high
by Reutersby Reuters(Reuters) – U.S. consumer spending slowed sharply in May, but persistently strong underlying inflation pressures could compel the Federal Reserve to resume raising interest rates next month. The personal consumption …
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Fed’s path to more tightening a little less sure after inflation data
by Reutersby Reuters(Reuters) – The Federal Reserve is seen slightly less locked in to a July interest rate hike, traders bet on Friday, after a government report showed price pressures eased slightly …
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DUBLIN (Reuters) – Euro zone inflation is proving “stickier”, meaning the decision on when to stop raising interest rates is not straightforward, European Central Bank governing council member Gabriel Makhlouf …
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Brazil cenbank chief signals he supports changing inflation target time frame
by Reutersby ReutersBy Marcela Ayres BRASILIA (Reuters) – Brazil’s central bank chief Roberto Campos Neto indicated on Thursday he supports adopting a continuous time frame for the monetary authority to pursue inflation …
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BOJ deputy governor Himino sees early signs of demand-driven inflation
by Reutersby ReutersBy Leika Kihara and Takahiko Wada TOKYO (Reuters) – Bank of Japan (BOJ) Deputy Governor Ryozo Himino said recent price rises were stronger than previously projected and inflation expectations were …
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White House’s Brainard sees ‘every reason’ to believe inflation going down
by Reutersby ReutersWASHINGTON (Reuters) – U.S. President Joe Biden’s chief economic adviser on Thursday expressed confidence that inflation would continue to improve in the second half of the year, and said it …
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Energy crisis and inflation push more German firms into insolvency – study
by Reutersby Reuters(Reuters) – The number of German firms pushed into insolvency rose in the first half of this year at the fastest pace in more than two decades due to the …
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Brazil Finance Minister confirms 3% inflation target in 2024, backs tweaking time frame
by Reutersby ReutersSAO PAULO (Reuters) – Brazil’s finance minister has confirmed the country’s monetary council will keep next year’s inflation target at 3%, but reiterated he expects the body to tweak the …
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BERLIN (Reuters) – Inflation rose in five economically important German states in the month of June, preliminary data showed on Thursday, suggesting a bumpy road ahead for German inflation. The …
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Spain’s 12-month inflation falls to 1.9% in June, lowest since March 2021
by Reutersby Reuters(Reuters) – Spain’s consumer prices rose 1.9% year-on-year in June, their slowest increase since March 2021, preliminary data from the National Statistics Institute (INE) showed on Thursday. Spain is the …
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Inflation hits royal finances as King Charles turns down heating to save emissions
by Reutersby ReutersLONDON (Reuters) – Soaring inflation has hit the finances of the British royals, pushing up expenditure, Buckingham Palace said on Thursday, as it revealed King Charles had ordered the heating …
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Fed Chair Claims Massive Government Spending Bills Aren’t Driving Inflation
Fed Chair Claims Massive Government Spending Bills Aren’t Driving Inflation Harold Hutchison on June 28, 2023 Federal Reserve Chairman Jerome Powell claimed Wednesday during a panel at the ECB Forum …
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By Balazs Koranyi SINTRA, Portugal (Reuters) – Professional forecasters globally who have been blindsided by the recent surge in inflation acknowledged on Wednesday the need for humility to deal with …
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SINTRA, Portugal (Reuters) – Bank of England Governor Andrew Bailey said last week’s rise in interest rates reflected a resilient economy and unexpectedly persistent inflation, sticking closely to his message …
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Euro zone should tighten fiscal policy in 2024 to curb inflation -EFB
by Reutersby ReutersBy Jan Strupczewski BRUSSELS (Reuters) – Euro zone governments should tighten fiscal policy next year more than currently planned to help the European Central Bank fight inflation and prevent interest …
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Australia’s consumer inflation hits 13-month low, adding to rate pause case
by Reutersby ReutersBy Stella Qiu SYDNEY (Reuters) – Australia’s consumer inflation slowed to a 13-month low in May, driven by a sharp pullback in fuel, while a measure of core inflation also …