ECB’s Nagel: inflation trends encouraging but rate cut talk too early
FRANKFURT (Reuters) – Euro zone inflation is going in the right direction but risks are skewed towards more negative outcomes, so a further rate hike …
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Marketmind: November bids adieu with inflation data, OPEC
A look at the day ahead in U.S. and global markets from Mike Dolan The best month of the year for U.S. stocks and bonds …
Dem Senator Who Helped Pass Biden’s Massive Spending Bills Blames Corporations For Inflation
Dem Senator Who Helped Pass Biden’s Massive Spending Bills Blames Corporations For Inflation Mary Lou Masters on November 29, 2023 Pennsylvania Democratic Sen. Bob Casey, …
Fed’s Bostic sees slower growth, falling inflation pressures
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Atlanta President Raphael Bostic said on Wednesday he expects U.S. growth to slow …
BoE’s Bailey vows to do ‘what it takes’ to cut inflation to 2%
LONDON (Reuters) -Bank of England Governor Andrew Bailey said on Wednesday that the central bank “will do what it takes” to get inflation down to …
Fed’s Williams welcomes stability of longer-run inflation expectations
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of New York President John Williams said Tuesday longer-term inflation expectations have been encouragingly …
Mexico central bank could ‘adjust’ rates in early 2024 if inflation eases, board member says
MEXICO CITY (Reuters) – Mexico’s central bank could “adjust” its interest rates by February or March 2024 if inflation continues to drop, board member Jonathan …
ECB’s inflation fight progressing but not yet done: Lagarde
FRANKFURT (Reuters) -Euro zone inflation pressures are easing as expected but wage growth is still strong and the outlook is especially uncertain, so the European …
Japan, UK discussed global inflation, volatile FX, financial markets
TOKYO (Reuters) – Top finance officials from Japan and Britain exchanged views and analysis on current global and domestic economic challenges such as elevated inflation …
BoE’s Bailey says getting inflation to 2% will be ‘hard work’
LONDON (Reuters) -Bank of England Governor Andrew Bailey said getting inflation down to the central bank’s 2% target will be “hard work” as most of …
BOJ’s Ueda: Cannot say with conviction inflation will hit 2% target sustainably
TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda said on Monday the central bank cannot say yet with conviction that inflation will sustainably and …
Japan’s corporate service inflation climbs in sign of broadening price pressures
By Leika Kihara TOKYO (Reuters) -Japan’s business-to-business service inflation accelerated in October as a tight job market lifted labour costs, underscoring a broadening of price …
Retailers Brace For Slow Holiday Season As Inflation Bites
Retailers Brace For Slow Holiday Season As Inflation Bites Will Kessler on November 24, 2023 Consumers are expected to cut back on discretionary spending this …
Home working may be helping Brazil’s inflation ease – central bank study
BRASILIA (Reuters) – Home working in Brazil may be relieving wage pressure in an otherwise buoyant labor market, a study signed by top central bank …
UK consumer confidence jumps despite lingering inflation pain
By Suban Abdulla LONDON (Reuters) – British consumers have turned more optimistic about the outlook for the economy and their personal finances this month but …
South Africa’s October inflation rises near top of central bank target
By Bhargav Acharya JOHANNESBURG (Reuters) – South African inflation quickened more than expected in October, approaching the upper end of the central bank’s preferred range …
ECB’s Lagarde warns against premature inflation celebration
FRANKFURT (Reuters) – The European Central Bank has time now to assess how inflation unfolds after a record string of rate hikes but victory has …
Sri Lankan inflation rises to 1% in October
COLOMBO (Reuters) – Sri Lanka’s consumer price inflation rose to 1% in October year-on-year from 0.8% in September, the statistics department said on Tuesday. The …
‘I Just Paid $4.68 A Gallon’: Markwayne Mullin Blasts Biden Admin For Shrugging Off Inflation
‘I Just Paid $4.68 A Gallon’: Markwayne Mullin Blasts Biden Admin For Shrugging Off Inflation Harold Hutchison on November 20, 2023 Republican Sen. Markwayne Mullin …
Boston Fed’s Collins: Remain optimistic in soft landing from inflation
By Howard Schneider BOSTON (Reuters) – Boston Federal Reserve President Susan Collins said on Friday she remained optimistic the U.S. central bank can lower inflation …
Fed’s Goolsbee expects easing shelter inflation to seal path to 2%
(Reuters) – Chicago Federal Reserve Bank President Austan Goolsbee on Friday said the U.S. central bank will “do what it takes” to bring inflation down …
More expensive services, food drive euro zone inflation in Oct
BRUSSELS (Reuters) – More expensive services and food were the main drivers of consumer price growth in the euro zone in October, data showed on …
IRS Adjusts Tax Brackets For Inflation, New Jersey Has Not
TRENTON, NJ – In response to the Internal Revenue Service’s (IRS) recent adjustments to federal income tax brackets for inflation, New Jersey Senator Anthony M. …
Marketmind: Ebbing oil sustains inflation, retail glow
A look at the day ahead in U.S. and global markets from Mike Dolan Ebbing oil prices are cheerleading this week’s renewed optimism on U.S. …
India’s food inflation remains above ‘comfort’ level – official
NEW DELHI (Reuters) – Food inflation in India remains above New Delhi’s “comfort” level despite retail inflation easing in October, a government official said on …
Marketmind: Inflation on the ropes, shutdown averted
A look at the day ahead in U.S. and global markets from Mike Dolan Relief at the resumption of disinflation triggered the best day for …
Ukraine GDP to rebound in 2023, inflation to fall – EU Commission
BRUSSELS (Reuters) – Ukraine’s economic growth will rebound this year and next after a plunge in 2022 caused by the Russian invasion, and inflation is …
Marketmind: UK inflation to test market’s upbeat mood
A look at the day ahead in European and global markets from Tom Westbrook Just one-tenth of a percentage point was enough to trigger big …
PIMCO bullish on bonds next year as inflation slows down
NEW YORK (Reuters) – U.S. bond giant Pacific Investment Management Company (PIMCO) said on Tuesday it favors bonds over other asset classes next year as …
Fed’s Goolsbee sees inflation falling fast without jobless surge
(Reuters) – U.S. inflation is cooling at what could prove to be its fastest pace in at least 40 years, if not longer, with only …
Food price inflation to ease next year – Rabobank
By Maytaal Angel LONDON (Reuters) – Consumers can expect some relief from food inflation next year, with the price of key staples such as sugar, …
Marketmind: Murky U.S. inflation picture
A look at the day ahead in U.S. and global markets from Mike Dolan If investors were wondering why Federal Reserve rhetoric remains so doggedly …
Fed’s Jefferson: Inflation uncertainty can warrant stronger response
(Reuters) – Monetary policymakers may need to take more forceful action than otherwise to keep inflation expectations anchored when it is unclear how long high …
Argentina 2023 inflation seen at 185% -cenbank poll
BUENOS AIRES (Reuters) – Analysts polled by Argentina’s central bank raised their estimate for annual inflation for this year to 185.0%, the bank said on …
NY Fed finds softer inflation expectations in October
By Michael S. Derby NEW YORK (Reuters) -The expected path for inflation softened on balance in October amid rising expectations for future gasoline price increases …
Climate change likely to boost inflation, Bank of England’s Mann says
By David Milliken LONDON (Reuters) – Climate change and countries’ different approaches to combat it are likely boost inflation and have other economic impacts that …
India’s retail inflation eases to 4.87% in October
(Reuters) – India’s retail inflation eased in October on lower food prices, edging closer to the central bank’s medium-term target of 4%, which it has …
APEC’s growth to slow as persistent inflation, US-China tensions weigh-report
By David Lawder SAN FRANCISCO (Reuters) – Economic growth among Asia Pacific Economic Cooperation countries is expected to decline next year and remain below the …
Australian inflation fight to be a drawn out process-RBA
SYDNEY (Reuters) – Inflation in Australia is proving to be more stubborn than first expected, largely due to price pressures in the services sector, and …
South Korea inflation likely to ease in November – finance minister
SEOUL (Reuters) – South Korean inflation is likely to ease in November to about 3.6% as prices of agricultural products have started to fall, the …
Egypt’s headline inflation eases to 35.8% in October
CAIRO (Reuters) – Egypt’s annual urban consumer price inflation rate dropped to 35.8% in October from a record high of 38.0% in September, data from …
Hedge Fund Billionaire Issues Bone-Chilling Prediction About Future Inflation
Hedge Fund Billionaire Issues Bone-Chilling Prediction About Future Inflation Harold Hutchison on November 9, 2023 Hedge fund founder Ken Griffin warned Thursday that inflation could …
Australia central bank sees risk of upside surprises to inflation in policy outlook
SYDNEY (Reuters) – Australia’s central bank on Friday warned there were risks of further upside surprises to inflation following its latest hike in interest rates, …
Banking sector faces risks from inflation -Moody’s
By Paritosh Bansal and Tatiana Bautzer NEW YORK (Reuters) – The banking sector is not yet out of the woods, with reinflation a risk if …
Fed’s Powell: biggest mistake would be to fail to control inflation
(Reuters) – Federal Reserve Chair Jerome Powell on Thursday said that while the Fed is “not going to ignore” a significant tightening in financial conditions …
Mexico inflation still easing but rate cuts seen only next year
(Reuters) – Mexico’s inflation eased for the ninth consecutive month in October, data from national statistics agency INEGI showed on Thursday, remaining at its lowest …
Marketmind: China prices – inflation or disinflation?
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Attention in Asia on Wednesday …
ECB policymakers keen to cool euphoria over inflation drop
By Balazs Koranyi FRANKFURT (Reuters) – The European Central Bank needs to see further progress in dampening inflationary pressures, and companies along with governments need …
ECB must keep rates at or near 4% through 2024 to get inflation down -IMF
FRANKFURT (Reuters) – Rapid wage growth in the euro zone could keep inflation elevated longer and the European Central Bank should hold interest rates at …
Fed may have to do more to get US inflation back to 2% – Kashkari
(Reuters) – The Federal Reserve may have to do more to bring inflation back down to its 2% target given the recent run of resilient …