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, …
Inflation,
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South Korea consumer sentiment extends gains, inflation expectations flat
by Reutersby ReutersSEOUL (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 …
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Canada’s grocery industry needs more players to tame inflation – competition bureau
by Reutersby Reuters(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. …
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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, …
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BoE’s Dhingra sees ‘promising signals’ of a fall in UK inflation
by Reutersby ReutersBy 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 …
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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 …
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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 on Tuesday are set to open on the …
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Investors overly optimistic on speed, cost of taming inflation, says IMF
by Reutersby ReutersSINTRA, 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 …
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Turkey’s monthly inflation at 4.84% in June, slight decline in annual reading: Reuters poll
by Reutersby ReutersBy 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 …
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India’s cenbank may cut rates in early 2024 as inflation eases – S&P
by Reutersby ReutersMUMBAI (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 …
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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 …
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Fed nominees stress importance of inflation, job mandates in Senate hearing
by Reutersby ReutersBy 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 …
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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 …
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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 …
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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 …
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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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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 …
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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 …
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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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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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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 …
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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 …