War, inflation drag German consumer sentiment lowest since Feb 2021
BERLIN – German consumer morale looks set to slump heading into April as the war in Ukraine pushed households’ economic and income expectations to new …
Inflation,
Weak demand, cautious price-setting keeping Japan inflation low – BOJ’s Amamiya
TOKYO – Japanese households’ weak pent-up demand and companies’ cautious price-setting behaviour are likely among factors keeping inflation low, Bank of Japan Deputy Governor Masayoshi …
White House Admits Inflation Projection For Biden’s Massive Budget Is Completely Outdated, Still Blames Putin
White House Admits Inflation Projection For Biden’s Massive Budget Is Completely Outdated, Still Blames Putin Harry Wilmerding on March 28, 2022 The Biden administration’s budget …
Legislators Propose $500 Fuel and Inflation Credit in New Jersey as Murphy Touts Budget Surplus
TRENTON, NJ – Trenton lawmakers are proposing a $500 tax credit to help residents contend with soaring gas prices, energy costs, and inflation. With no …
Exclusive-Paraguay central bank chief says 2022 inflation seen at 6%, top of tolerance range
By Daniela Desantis ASUNCION – Paraguay will end 2022 with inflation close to 6%, the country’s central bank head told Reuters on Monday, right at …
Bank of Thailand to keep steady policy hand as growth trumps inflation – Reuters poll
By Md Manzer Hussain BENGALURU – Thailand’s central bank will not raise interest rates from a record low for more than a year in a …
Jerome Powell Doesn’t Have The Stomach To Fix Inflation, Experts Say
Jerome Powell Doesn’t Have The Stomach To Fix Inflation, Experts Say Harry Wilmerding on March 24, 2022 Federal Reserve Chairman Jerome Powell’s response to the …
BoFA, Citi expect multiple 50-bps Fed hikes this year as inflation bites
LONDON/NEW YORK – Bank of America (BofA) and Citi have joined a small but growing number of top investment banks calling for more aggressive interest …
Brazil’s inflation rises to highest level in 7 years for mid-March
By Marcela Ayres BRASILIA – Inflation in Brazil grew more than expected in the month to mid-March, the biggest jump for that period in seven …
Farm equipment makers cut pre planting season production as U.S. inflation bites
By Bianca Flowers – Howard Dahl stopped taking farm equipment orders from customers as a shortage of parts and labor and escalating inflation threatened profits …
Canada’s red-hot housing markets hint at cooldown as higher rates, inflation bite
By Nichola Saminather and Julie Gordon TORONTO – Toronto realtor Nasma Ali has noted a marked slowdown in housing demand in the red-hot Greater Toronto …
Japan’s March economy report flags inflation risk from Ukraine war
TOKYO – Japan needs to closely watch downside economic risks from rapid commodity inflation caused by the war in Ukraine and its disruption to the …
Wall Street worries that Fed was behind the curve on inflation
– Wall Street analysts and investors who believe the U.S. Fed Reserve has acted too slowly to combat high inflation are now forecasting even more …
BOJ policymaker warns of prolonged inflation due to Ukraine war
By Leika Kihara TOKYO – Japan may see consumer inflation creep up and stay near the central bank’s 2% target for a prolonged period if …
Asia FX bears remain firm as risks from geopolitics, inflation persist – Reuters poll
By Harshita Swaminathan – Investors stayed bearish on most emerging Asian currencies and turned short on Thailand’s baht for the first time in three months, …
Japan inflation may perk up but lacks momentum, says BOJ’s Kataoka
TOKYO – Japan’s consumer inflation may briefly exceed 1.5% but likely will not gain momentum to sustainably head toward the central bank’s 2% target, Bank …
South Korea central bank governor nominee Rhee says inflation, economic risks mounting
SEOUL – South Korea’s nominee for its new central bank chief said on Thursday worries about inflationary and economic risks are mounting and that he …
Bullard: High inflation means Fed must think bigger, faster
By Ann Saphir – St. Louis Federal Reserve Bank President James Bullard on Wednesday said U.S. policymakers need to think “bigger” and act “faster” on …
March U.S. auto sales to tumble on rising inflation, Ukraine crisis- data
– U.S. auto retail sales could decline in March as rising inflation hinders spending by customers already limited by slim inventories due to pandemic-led supply …
Marketmind: That inflation headache
A look at the day ahead in markets from Dhara Ranasinghe. Data this morning showing British inflation rose to a new 30-year high of 6.2% …
Hungary ramps up rate hikes as war stokes inflation risks
By Gergely Szakacs and Krisztina Than BUDAPEST – The National Bank of Hungary raised its base rate by 100 basis points to 4.4% on Tuesday, …
ECB must focus on underlying inflation, Villeroy says
PARIS – The European Central Bank (ECB) needs to look beyond short-term swings in energy prices and focus on underlying inflation trends, ECB policymaker Francois …
Marketmind: Inflation or growth?
A look at the day ahead in markets from Sujata Rao A JPMorgan survey shows a record high 86% of its clients planned to raise …
Powell Says ‘Inflation Is Much Too High,’ Suggests Taking A More Aggressive Stance
Powell Says ‘Inflation Is Much Too High,’ Suggests Taking A More Aggressive Stance Harry Wilmerding on March 21, 2022 Federal Reserve Chairman Jerome Powell said …
Fed open to speedier interest rates hikes if high inflation persists – Powell
– Federal Reserve policymakers will consider speeding up the pace of interest rate hikes this year should high inflation not begin to abate, Federal Reserve …
Czech central banker favours rate hikes to wider FX sales to stem inflation
By Jan Lopatka PRAGUE – The Czech central bank is likely to raise interest rates again on March 31 and may discuss more use of …
ECB should keep 2022 rate hike on agenda, if inflation warrants it -Nagel
FRANKFURT – The European Central Bank should continue to normalize policy and raise interest rates, possibly as soon as this year, if the inflation outlook …
Germans face higher inflation, weaker growth from Ukraine war – Bundesbank
FRANKFURT – Germans should brace for higher prices and weaker economic growth as Russia’s invasion of Ukraine disrupts trade and makes fuel as well as …
Czech central bank may discuss further use of FX reserves to slow inflation
PRAGUE – The Czech central bank may discuss whether to use its large foreign exchange reserves to not only stabilise exchange rate fluctuations but also …
Turkish finance minister says rise in energy prices accelerating inflation
ISTANBUL – Turkish Finance Minister Nureddin Nebati said on Saturday the global rise in energy prices was accelerating inflation in the country, but Ankara would …
Fed’s rate path balances inflation fight and pandemic unknowns, Barkin says
By Howard Schneider BALTIMORE – The rate increases projected by Federal Reserve officials this week represented a “balancing act” between the need to begin normalizing …
Canadian inflation seen peaking at or above 6%; more rate hikes in the cards
By Julie Gordon and Fergal Smith OTTAWA – A commodities rally sparked by Russia’s invasion of Ukraine will push Canadian inflation higher for longer, with …
ECB expects core inflation to fade as energy prices level off: Lane
FRANKFURT – Much of the underlying inflation in the euro zone is a factor of high energy prices and will likely fade over time as …
Tough choices ahead for Russia’s inflation hawk Nabiullina
– In March 2021, as the Bank of Russia hiked interest rates for the first time in three years, Governor Elvira Nabiullina wore a brooch …
BOJ’s Kuroda sees inflation remaining short of 2% target
By Leika Kihara TOKYO -Japan is unlikely to see inflation hitting a central bank target of 2%, even accounting for rising energy costs, Bank of …
Americans’ Spending Slows Dramatically Amid Surging Inflation And Gas Prices
Americans’ Spending Slows Dramatically Amid Surging Inflation And Gas Prices Harry Wilmerding on March 16, 2022 American’s spending slowed in February amid surging inflation and …
‘Significant Uncertainty’: Mortgage Demand Plummets Amid Sky-High Rates, Massive Inflation
‘Significant Uncertainty’: Mortgage Demand Plummets Amid Sky-High Rates, Massive Inflation Harry Wilmerding on March 16, 2022 Mortgage demand plummeted in mid March after a sharp …
Canada’s inflation rate surges to a fresh 30-year high
By Julie Gordon and Ismail Shakil -Canada’s annual inflation rate accelerated in February to hit a fresh 30-year high, with broad price gains hitting consumers …
Japan consumers’ inflation expectations hit record high in March – survey
TOKYO – Japanese consumers’ inflation expectations hit a record high in March, a government survey showed on Wednesday, as people’s perceptions of future price moves …
Wholesale Price Inflation Reaches Double Digits
Wholesale Price Inflation Reaches Double Digits Harry Wilmerding on March 15, 2022 The Producer Price Index (PPI), which measures the prices suppliers charge businesses and …
Inflation surge, war cloud Fed’s interest rate trajectory
By Howard Schneider WASHINGTON – New economic projections from the Federal Reserve this week will show how far and how fast policymakers see interest rates …
Weak growth, inflation to keep BOJ an outlier with dovish policy tone
By Leika Kihara TOKYO – The Bank of Japan is set to keep monetary policy ultra-loose on Friday and warn of heightening economic risks from …
Australia’s central bank still patient on policy despite inflation shock
By Wayne Cole SYDNEY – Australia’s central bank remains prepared to be patient on raising interest rates as it waits for wage growth to pick …
Canada’s top stock index shines as investors seek inflation hedge
By Alexander Schummer and Fergal Smith TORONTO – As Russia’s invasion of Ukraine disrupts the global economy and drives up oil, gold and industrial metal …
India’s February WPI inflation accelerates to 13.11% y/y
NEW DELHI – India’s annual wholesale price-based inflation accelerated to 13.11% in February from the previous month’s 12.96%, government data showed on Monday. February’s figure …
War, pandemic, and inflation deal Fed a complex trifecta
By Howard Schneider WASHINGTON – In what now seem the simpler days of December, when there was only a pandemic to worry about, Federal Reserve …
UK year-ahead inflation expectations rise to highest since 2008
LONDON – The British public’s expectations for the rate of inflation in a year’s time rose to the highest since 2008, although the increase in …
Switzerland: The land that inflation left behind
By Paul Carrel BERN – While the rest of Europe grapples with surging prices, in Switzerland inflation is so tame that some key costs are …
New US Solar Panel Installations Set To Crater Thanks To Inflation, Supply Chain Issues
New US Solar Panel Installations Set To Crater Thanks To Inflation, Supply Chain Issues Thomas Catenacci on March 10, 2022 Solar panel installations are set …
Russia’s inflation seen at 20%, GDP down 8% in 2022, central bank survey shows
– Inflation in Russia is forecast to accelerate to 20% and its economy could fall by as much as 8% this year, an independent survey …