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Tag:

Inflation,

  • Opinion - EditorialPoliticsTop HeadlinesTrending NewsUS and World News

    White House Claims ‘Bidenomics Is Working’ Despite High Inflation, Stagnating Wages

    by The Daily Caller June 27, 2023
    by The Daily Caller June 27, 2023

    White House Claims ‘Bidenomics Is Working’ Despite High Inflation, Stagnating Wages Brandon Poulter on June 27, 2023 President Joe Biden’s administration released a memo Monday claiming that it’s economic strategy, …

  • Business News

    South Korea consumer sentiment extends gains, inflation expectations flat

    by Reuters June 27, 2023
    by Reuters June 27, 2023

    SEOUL (Reuters) – Consumer sentiment in South Korea ticked further up in June to the highest in just over a year, while inflation expectations remained unchanged, a central bank survey …

  • Business News

    Canada’s grocery industry needs more players to tame inflation – competition bureau

    by Reuters June 27, 2023
    by Reuters June 27, 2023

    (Reuters) – More players in Canada’s grocery sector are crucial to combat soaring prices of essential goods amid persistent inflation, the country’s competition watchdog said in a report on Tuesday. …

  • Business News

    INSTANT VIEW: Canada annual inflation rate slows to 3.4% in May

    by Reuters June 27, 2023
    by Reuters June 27, 2023

    TORONTO (Reuters) – Canada’s annual inflation rate slowed to 3.4% in May on lower prices for gasoline as a result of the base-year effect, while mortgage interest costs remain high, …

  • Business News

    BoE’s Dhingra sees ‘promising signals’ of a fall in UK inflation

    by Reuters June 27, 2023
    by Reuters June 27, 2023

    By David Milliken LONDON (Reuters) -Bank of England policymaker Swati Dhingra said there are “promising signals” for a further decline in British inflation, based largely on a steep fall in …

  • Business News

    ECB faces new phase of lingering inflation, says Lagarde

    by Reuters June 27, 2023
    by Reuters June 27, 2023

    By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) -Euro zone inflation has entered a new phase which could linger for some time, European Central Bank President Christine Lagarde said on …

  • Business News

    Marketmind: Inflation, rates worries supersede Russia stress

    by Reuters June 26, 2023
    by Reuters June 26, 2023

    By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets on Tuesday are set to open on the …

  • Business News

    Investors overly optimistic on speed, cost of taming inflation, says IMF

    by Reuters June 26, 2023
    by Reuters June 26, 2023

    SINTRA, Portugal (Reuters) – The world’s top central banks may need longer to get inflation back down to target and a fresh bout of financial turbulence could make the process …

  • Business News

    Turkey’s monthly inflation at 4.84% in June, slight decline in annual reading: Reuters poll

    by Reuters June 26, 2023
    by Reuters June 26, 2023

    By Ali Kucukgocmen ISTANBUL (Reuters) – Turkey’s monthly inflation was seen at 4.84% in June, partly due to the lira’s sharp decline after elections last month, a Reuters poll showed …

  • Business News

    India’s cenbank may cut rates in early 2024 as inflation eases – S&P

    by Reuters June 26, 2023
    by Reuters June 26, 2023

    MUMBAI (Reuters) – The Reserve Bank of India will likely start cutting the policy repo rate in early 2024 once headline inflation eases toward the 4% target, S&P Global Ratings …

  • Business News

    Singapore May core inflation rises 4.7% y/y, matches forecast

    by Reuters June 23, 2023
    by Reuters June 23, 2023

    SINGAPORE (Reuters) – Singapore’s key consumer price gauge rose 4.7% year-on-year in May, official data showed on Friday. The May core inflation rate – which excludes private road transport and …

  • Business News

    Fed nominees stress importance of inflation, job mandates in Senate hearing

    by Reuters June 21, 2023
    by Reuters June 21, 2023

    By Michael S. Derby (Reuters) – Two Federal Reserve officials and a labor economist who aspires to join their ranks told U.S. senators on Wednesday that they will set policy …

  • Business News

    ECB hawks warn over sticky inflation as rate peak nears

    by Reuters June 21, 2023
    by Reuters June 21, 2023

    FRANKFURT (Reuters) -Euro zone inflation is stubborn and may require a protracted period of high interest rates to contain, partly due to an exceptionally tight labour market, the European Central …

  • Business News

    Powell: Fed inflation fight “has a long way to go”

    by Reuters June 21, 2023
    by Reuters June 21, 2023

    NEW YORK (Reuters) – The Federal Reserve’s fight to lower inflation back to its 2% target “has a long way to go,” Federal Reserve Chair Jerome Powell said on Wednesday …

  • Business News

    Explainer-Why is inflation so high in the UK?

    by Reuters June 21, 2023
    by Reuters June 21, 2023

    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 Reuters June 21, 2023
    by Reuters June 21, 2023

    By 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 …

  • Business News

    Marketmind: Nevermind the cricket, here’s inflation

    by Reuters June 21, 2023
    by Reuters June 21, 2023

    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 …

  • Business News

    Fed nominees say their focus is on beating inflation

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    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 …

  • Business News

    South Korea producer inflation slowest in almost 2-1/2 years

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    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. …

  • Business News

    French central bank sees modest recovery as inflation eases

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    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

    Australia’s central bank hiked rates for fear inflation was becoming entrenched

    by Reuters June 19, 2023
    by Reuters June 19, 2023

    SYDNEY, 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 Reuters June 19, 2023
    by Reuters June 19, 2023

    MEXICO 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, …

  • Business News

    Goldman calls markets too optimistic on pace of US inflation drop -Bloomberg

    by Reuters June 17, 2023
    by Reuters June 17, 2023

    (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 …

  • Business News

    Fed see key services inflation elevated with few signs of easing

    by Reuters June 16, 2023
    by Reuters June 16, 2023

    By 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 Reuters June 16, 2023
    by Reuters June 16, 2023

    By 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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