Fed expected to step up inflation fight with big rate hike
By Ann Saphir WASHINGTON – The Federal Reserve on Wednesday is expected to raise interest rates by half of a percentage point and announce the …
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Global manufacturers lose momentum as inflation worsens: Kemp
By John Kemp LONDON – Global manufacturing growth has started to decelerate as supply chain problems, the rising cost of energy and raw materials, and …
ECB may hike rates in July to combat extreme inflation -Schnabel
FRANKFURT -The European Central Bank may need to raise interest rates as soon as July to stop “extremely high” inflation from getting entrenched, ECB board …
Inflation and war risks to buoy gold in short term: Reuters Poll
By Seher Dareen (Reuters) – Gold prices are expected to hold firm this quarter as investors seek refuge from soaring inflation and risks such as …
India’s private school aspiration increasingly out of reach as inflation bites
By Manoj Kumar NEW DELHI – Indian financial consultant Waqar Khan has seen his income drop by about a fifth since the coronavirus pandemic began. …
Australian consumers spooked by rate risk, inflation -survey
SYDNEY – Australian consumer sentiment took a nose dive last week as a shockingly high reading in inflation fuelled concerns about the cost of living …
U.S. trade chief Tai says all tools on table to beat inflation, tariffs not top of list
By Andrea Shalal WASHINGTON – All tools are on the table to address rising inflation, including reductions of tariffs on Chinese imports, U.S. Trade Representative …
Mexico’s factories contract for 26th straight month, inflation near four-year high
MEXICO CITY – Mexico’s manufacturing sector contracted for the 26th month in a row in April, as factories responded to shrinking demand with a further …
BOJ says fuel, food-driven gains to keep propping up Japan inflation
TOKYO – Japan’s consumer inflation will continue to face upward pressure later this year from rising electricity bills and food prices, as the recent surge …
Watch: U.S. President Joe Biden Laughs and Claps at Joke About Inflation and Rising Food and Gas Prices
While listening to a joke about the rising inflation and cost of goods for Americans, especially food, gasoline, and energy, U.S. President Joe Biden laughed …
Peru’s annual inflation rate hits 24-year high in April
By Marco Aquino LIMA – Peru’s annual inflation rate hit 7.96% in April, its highest level in 24 years, as the copper-producing Andean nation grapples …
U.S. consumer sector braces for slowing demand as inflation bites
By Uday Sampath Kumar (Reuters) – U.S. consumer goods firms, including P&G and Coca-Cola, are preparing for an impending slowdown in demand as runaway inflation …
Biden Energy Secretary Suggests Inflation Could Continue into 2023
President Joe Biden’s Secretary of Energy Jennifer Granholm said in regard to if inflation would continue through 2023 that it is “so hard to know,” …
Biden Admin Looks To Gut Chinese Tariffs In Latest Attempt To Shift Inflation Blame
Biden Admin Looks To Gut Chinese Tariffs In Latest Attempt To Shift Inflation Blame Thomas Catenacci on April 28, 2022 The Biden administration is mulling …
Easing energy costs curb Spanish April price rises but core inflation jumps
MADRID – Easing energy prices helped lower Spanish 12-month inflation to 8.4% in April from March’s near 40-year high, preliminary data showed on Thursday, although …
S.Korea April export growth to hit 14-mth low; inflation near 11-yr high: Reuters poll
By Jihoon Lee SEOUL – South Korea’s exports are expected to have posted their slowest growth in 14 months in April while consumer inflation is …
Leading gauge of Japan consumer inflation to creep to near 2% in April- Reuters poll
TOKYO – A Reuters poll showed core consumer prices in Tokyo likely rose at the fastest pace in seven years in April, to near the …
Ukraine war, inflation drives Q1 jump in gold demand, WGC says
By Eric Onstad LONDON – Global demand for gold surged 34% year-on-year in the first quarter to the highest in over three years, driven by …
GOP Ads Target Vulnerable Dems Over Record Inflation
GOP Ads Target Vulnerable Dems Over Record Inflation Sebastian Hughes on April 27, 2022 The National Republican Congressional Committee (NRCC) put out a new batch …
Global inflation to stay stubbornly high as wrecked supply chains persist – Reuters poll
BENGALURU – The global streak of high inflation is far from over and aggressive monetary policy tightening will fall short in taming price pressures to …
Mexico to unveil inflation plan next week targeting lower food prices
MEXICO CITY – Mexico’s government next week will unveil a plan agreed with business groups to level prices nationwide for staples such as corn, beans, …
Senator Chuck Schumer: The Only Way to Reduce Inflation is to Raise Taxes
Democrat Majority Leader Chuck Schumer claimed the “only way” to reduce Bidenflation is to raise taxes, during the Senate Democrat’s weekly press conference on Monday. …
How one American toolmaker grows profit in the face of inflation and shortages
By Timothy Aeppel (Reuters) – Surging inflation and snarled supply lines have hit U.S. manufacturers like Snap-on Inc over the past year, but so far …
Sweden’s SEB, Handelsbanken beat forecasts but Ukraine, inflation cloud outlook
By Johan Ahlander and Niklas Pollard STOCKHOLM -Swedish banks SEB and Handelsbanken both delivered better-than-expected quarterly profit gains on Wednesday to send their shares higher …
S.Korean inflation expectations hit 9-year high – survey
By Jihoon Lee and Choonsik Yoo SEOUL -South Koreans expect inflation to average around 3.1% over the next 12 months, led by rising global energy …
GE CEO sees inflation a headwind for company in 2022
CHICAGO – General Electric Co Chief Executive Larry Culp said the company is not expected to fully offset soaring costs this year despite price increases. …
U.S. homebuilders to feel pricing pinch from rising mortgage rates, inflation
By Kannaki Deka and Abhijith Ganapavaram (Reuters) – U.S. homebuilders will likely find it harder to raise home prices in the coming months as rising …
GM, Ford steer into the headwinds of inflation, rising rates
By Joseph White and Paul Lienert DETROIT – General Motors Co and Ford Motor Co will report first-quarter results this week in an environment that …
Singapore March core inflation rises at fastest pace in a decade
SINGAPORE – Singapore’s key consumer price gauge rose in March by its fastest pace in a decade, outpacing economist forecasts, driven by higher inflation for …
BOJ to keep ultra-low rates, dovish stance as inflation clouds recovery
By Leika Kihara TOKYO – The Bank of Japan is set to maintain ultra-low interest rates on Thursday and hold off from major tweaks to …
U.S. Postal Service chief warns of inflation impact
By David Shepardson WASHINGTON – U.S. Postmaster General Louis DeJoy says the agency is dealing with significant inflation costs as it works to stem losses, …
Global miners must overcome labour shortages, inflation pain to meet targets
By Shashwat Awasthi and Clara Denina (Reuters) – Global mining companies must overcome COVID-related labour shortages and soaring production costs if they are to meet …
IMF’s Gopinath says central bankers need to act now on inflation
(Reuters) – Central bankers must act decisively and quickly to tackle the rise in inflation, Gita Gopinath, first deputy managing director of the International Monetary …
French Finance Minister: we are entering “new era” of higher inflation
PARIS -Inflation will be high in 2022 and although the price pressure should progressively ease next year, France and its partner countries are set to …
Indonesia central bank may hike RRR again if inflation rises-deputy gov
JAKARTA – Indonesia’s central bank may hike its reserve requirement ratio (RRR) further if inflation starts to pick up, while the option to raise interest …
POLL: Most Americans Agree On Who To Blame For Inflation
POLL: Most Americans Agree On Who To Blame For Inflation Harry Wilmerding on April 21, 2022 A majority of Americans now blame President Joe Biden …
Mexico central bank could revise inflation forecast upward, governor says
MEXICO CITY – Mexico’s central bank could revise its inflation forecast higher at its next monetary policy meeting due to the impact of Russia’s invasion …
Euro zone March inflation revised slightly down, still at record
BRUSSELS – Euro zone inflation in March was marginally lower than earlier reported, the EU’s statistics office said on Thursday, but still at record highs …
Fed’s Daly sees U.S. inflation at 2% goal in five years
(Reuters) – San Francisco Federal Reserve President Mary Daly on Wednesday said it’s unlikely inflation will fall to 2% this year, but she does expect …
Inflation in Russia hits highest since early 2002
(Reuters) – Annual inflation in Russia accelerated to 17.62% as of April 15, its highest since early 2002 and up from 17.49% a week earlier, …
Inflation outlook may cloud resilient European earnings updates
By Joice Alves and Danilo Masoni LONDON – European companies are forecast to have coped with record inflation in the first quarter, but the big …
Multiple inflation pressures complicate Bank of Canada’s soft landing goal
By Fergal Smith TORONTO – As the Bank of Canada opens the door to hiking interest rates above a neutral setting for the first time …
Biden’s Economic Report Mentions ‘Gender’ 40 More Times Than ‘Inflation’
Biden’s Economic Report Mentions ‘Gender’ 40 More Times Than ‘Inflation’ Harry Wilmerding on April 18, 2022 President Joe Biden released his annual Economic Report on …
Argentina to help low-income earners cope with inflation
BUENOS AIRES – Argentina’s government said on Monday the country’s neediest would get help to cope with soaring prices as part of a special aid …
Japan consumer inflation seen picking up, still distant from BOJ target: Reuters poll
TOKYO – Japan’s core consumer inflation likely accelerated in March from a year earlier but was still well short of the Bank of Japan’s price …
Fed’s Mester says it’s ‘imperative’ to get inflation down
(Reuters) – Cleveland Federal Reserve Bank President Loretta Mester on Thursday pushed back against the idea that by raising interest rates the Fed is prioritizing …
Fed aims to bring elevated inflation under control: Mester
(Reuters) – The Federal Reserve’s aim is to raise rates quickly enough to bring down inflation without pushing the U.S. economy into recession or damaging …
ECB closely monitoring inflation expectations, Lagarde says
FRANKFURT – Measures of underlying inflation in the euro zone have risen above the European Central Bank’s 2% target and the ECB is closely monitoring …
Gold on course for weekly gain as Ukraine, inflation boost safe-haven bids
By Asha Sistla (Reuters) – Gold traded flat on Thursday but prices were set for a second consecutive weekly gain as the Ukraine crisis and …
South Korea steps up inflation fight with surprise rate hike
By Cynthia Kim and Joori Roh SEOUL – South Korea’s central bank raised its benchmark rate to the highest since August 2019 on Thursday in …