By Jessica DiNapoli NEW YORK (Reuters) – Federal Reserve Chair Jerome Powell said this week inflation could fall if companies curbed their profits – but the biggest U.S. retailers and …
Inflation,
-
- Business News
Citadel’s Griffin says the Fed needs more consistency to tame inflation
by Reutersby ReutersBy Carolina Mandl NEW YORK (Reuters) – Billionaire investor Ken Griffin, the founder of Citadel and Citadel Securities, said on Tuesday the Federal Reserve needs more consistency of communication in …
- Business News
Fed’s Powell acknowledges slimmer corporate profits could help curb inflation
by Reutersby ReutersBy Howard Schneider WASHINGTON (Reuters) – It wasn’t volunteered, but Federal Reserve Chair Jerome Powell on Tuesday made his most extensive comments to date on the role corporate profits could …
-
By Michael S. Derby (Reuters) – Federal Reserve Chair Jerome Powell said on Tuesday the U.S. central bank’s decade-old 2% inflation target has in years past been a key factor …
-
MEXICO CITY (Reuters) – Mexico’s inflation likely slowed in February but still remained well above the official target, fueling expectations the central bank will raise its key rate again in …
- Business News
Egypt February inflation seen rising to highest in more than 5 years
by Reutersby ReutersCAIRO (Reuters) – Egyptian urban consumer inflation will rise in February to its highest level in well over five years, a Reuters poll showed on Tuesday, following a series of …
- Business News
French union urges Airbus to reopen salary pact due to inflation
by Reutersby ReutersPARIS (Reuters) – One of France’s largest unions, Force Ouvriere, has called on planemaker Airbus to renegotiate part of an existing salary accord to take account of high inflation, in …
-
FRANKFURT (Reuters) – Inflation expectations among euro zone consumers dropped in January but expectations for wage growth continued to rise, adding to fears wage growth will slow efforts to control …
- Business News
Australian food inflation rate falling, but slowly – country’s top grocer
by Reutersby ReutersSYDNEY (Reuters) – Australia’s top grocer said on Tuesday that while the food inflation rate was beginning to decline, prices were taking longer than expected to retreat off pandemic highs. …
-
DUBLIN (Reuters) – The European Central Bank is likely to increase its interest rates further in the coming months to fight high inflation in the euro zone even if there …
- Business News
S.Korea inflation slowest in 10 months, bolsters views for no more hikes
by Reutersby ReutersBy Jihoon Lee SEOUL (Reuters) – South Korea’s consumer prices for February grew at their slowest pace in 10 months, bolstering views that the central bank is done with its …
-
FRANKFURT (Reuters) – Underlying inflation in the euro zone will stay high in the near term so a 50 basis point European Central Bank interest rate increase later this month …
- Business News
Argentina inflation seen speeding in 2023, central bank poll shows
by Reutersby ReutersBUENOS AIRES (Reuters) – Argentina’s inflation rate is seen hitting 99.9% in 2023, speeding up from last year’s rate and topping previous estimates which saw a slightly slower rise, according …
- Business News
Fed’s Barkin calls for deliberate rate hikes to fight ‘exhausting’ inflation
by Reutersby ReutersPALO ALTO, California (Reuters) – The U.S. central bank will need further, deliberate interest rate hikes to bring inflation back down to its 2% goal, Richmond Federal Reserve Bank President …
- Business News
Zimbabwe adopts new inflation rate based on U.S. dollar, local currency
by Reutersby ReutersHARARE (Reuters) – Zimbabwe will from now on measure inflation using a weighted average of items priced in Zimbabwean dollars and U.S. dollars, the government said on Friday. Previously the …
-
A look at the day ahead in U.S. and global markets from Mike Dolan There was a sense of hesitation in world markets on Friday about whether dramatic re-pricing of …
- Business News
Philippines central bank gov sees 50 bps rate hike if inflation tops 9%
by Reutersby ReutersMANILA (Reuters) – Philippine central bank governor Felipe Medalla said on Friday that in the “worst-case scenario” of inflation rising above 9%, interest rates might be hiked by 50 basis …
- Business News
ECB’s Wunsch: Rate of 4% can’t be excluded if core inflation stays high
by Reutersby ReutersBRUSSELS (Reuters) – The European Central Bank could consider raising its key interest rate as high as 4% if underlying inflation in the euro zone remains persistently high, ECB Governing …
- Business News
IMF approves over $1.7 billion for Jamaica to protect from inflation, climate change
by Reutersby Reuters(Reuters) – The International Monetary Fund (IMF) on Thursday approved over $1.7 billion in funds for Jamaica to help it insure against higher inflation, tighter fiscal conditions, possible COVID outbreaks …
- Business News
Euro zone core inflation surges in Feb, keeps euro near one-week highs
by Reutersby ReutersLONDON(Reuters) – A surprisingly large rise in underlying price pressures in the euro zone in February reinforced the case for the European Central Bank to keep raising interest rates, nudging …
- Business News
Netherlands changes inflation methodology to better reflect energy prices
by Reutersby ReutersAMSTERDAM (Reuters) – The Netherlands will change the way it measures energy prices paid by consumers in order to improve estimates of inflation in the euro zone’s fifth-largest economy, its …
-
(Reuters) – A look at the day ahead in European and global markets from Wayne Cole. Asian markets had thought to bask in the glow from Wednesday’s radiant PMI data …
- Business News
Ex-BOJ gov Shirakawa urges re-examination of monetary framework, inflation targets
by Reutersby ReutersBy Leika Kihara TOKYO (Reuters) – Former Bank of Japan (BOJ) Governor Masaaki Shirakawa called on policymakers to reconsider central banks’ monetary framework based on inflation targets, given their limits …
- Business News
“Startling” jump in debt advice after inflation surge – UK charity
by Reutersby ReutersLONDON (Reuters) – A British debt advisory charity said on Wednesday that demand for its services jumped by almost a third in January due to the cost-of-living crisis and it …
- Business News
Higher inflation risks to give Russia no room to cut rates this year: Reuters poll
by Reutersby ReutersBy Alexander Marrow and Elena Fabrichnaya MOSCOW (Reuters) – The Bank of Russia will not find room to cut interest rates in 2023 as increased budget spending has raised inflation …