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Tag:

Inflation,

  • Business News

    Few signs of US companies curbing profits after Powell says it could cool inflation

    by Reuters March 8, 2023
    by Reuters March 8, 2023

    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 …

  • Business News

    Citadel’s Griffin says the Fed needs more consistency to tame inflation

    by Reuters March 7, 2023
    by Reuters March 7, 2023

    By 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 Reuters March 7, 2023
    by Reuters March 7, 2023

    By 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 …

  • Business News

    Fed’s Powell again rejects idea of raising inflation target

    by Reuters March 7, 2023
    by Reuters March 7, 2023

    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 …

  • Business News

    Mexico headline, core inflation seen slowing pace in February

    by Reuters March 7, 2023
    by Reuters March 7, 2023

    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 Reuters March 7, 2023
    by Reuters March 7, 2023

    CAIRO (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 Reuters March 7, 2023
    by Reuters March 7, 2023

    PARIS (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 …

  • Business News

    ECB survey sees moderating inflation, rising wage expectations

    by Reuters March 7, 2023
    by Reuters March 7, 2023

    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 Reuters March 7, 2023
    by Reuters March 7, 2023

    SYDNEY (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. …

  • Business News

    ECB’s Lane backs more rate hikes even as inflation eases

    by Reuters March 6, 2023
    by Reuters March 6, 2023

    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 Reuters March 5, 2023
    by Reuters March 5, 2023

    By 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 …

  • Business News

    ECB facing high core inflation in the near term, Lagarde says

    by Reuters March 5, 2023
    by Reuters March 5, 2023

    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 Reuters March 3, 2023
    by Reuters March 3, 2023

    BUENOS 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 Reuters March 3, 2023
    by Reuters March 3, 2023

    PALO 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 Reuters March 3, 2023
    by Reuters March 3, 2023

    HARARE (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 …

  • Business News

    Marketmind: Inflation ‘blip’ or brave new world?

    by Reuters March 3, 2023
    by Reuters March 3, 2023

    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 Reuters March 3, 2023
    by Reuters March 3, 2023

    MANILA (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 Reuters March 2, 2023
    by Reuters March 2, 2023

    BRUSSELS (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 Reuters March 2, 2023
    by Reuters March 2, 2023

    (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 Reuters March 2, 2023
    by Reuters March 2, 2023

    LONDON(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 Reuters March 2, 2023
    by Reuters March 2, 2023

    AMSTERDAM (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 …

  • Business News

    Marketmind: EU inflation risks loom large for markets

    by Reuters March 2, 2023
    by Reuters March 2, 2023

    (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 Reuters March 1, 2023
    by Reuters March 1, 2023

    By 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 Reuters March 1, 2023
    by Reuters March 1, 2023

    LONDON (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 Reuters March 1, 2023
    by Reuters March 1, 2023

    By 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 …

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