Page 58 - Latest Updates on Inflation
Austrian theory of business cycle is key to explain upcoming Recession
One reason the current economic situation is so fraught is that world is facing 3 kinds of business-cycle mechanisms at the same time. First 2 are well-known, but the third - Austrian theory is not
 "Austrian theory of business cycle is key to explain upcoming Recession")
Sensex ends subdued day 235 pts up, Nifty swings above 18,200; SBI leaps 3%
CLOSING BELL: The Nifty PSU Bank index sharply outperformed other indices as it gained 4.5 per cent
 "Sensex ends subdued day 235 pts up, Nifty swings above 18,200; SBI leaps 3%")
US jobs top forecasts, wages pick up in labor market despite Fed aggression
US employers added more jobs than expected in October while wages rose firmly, underscoring the resilience of the labor market despite the Federal Reserve's aggressive efforts to cool it down.
 "US jobs top forecasts, wages pick up in labor market despite Fed aggression")
'Price rise may be persistent as it has moved into core inflation in Asia'
The International Monetary Fund (IMF) recently released a regional economic outlook (REO) on Asia and Pacific, in which it cut the growth projections for the region
 "'Price rise may be persistent as it has moved into core inflation in Asia'")
Fag-end buying lifts Sensex 114 pts, Nifty above 18,100; Metal index up 4%
CLOSING BELL: A late rally on Dalal Street helped the benchmark indices end a lacklustre trading session on a positive note. Metals, select financial shares led the pullback.
 "Fag-end buying lifts Sensex 114 pts, Nifty above 18,100; Metal index up 4%")
Best of BS Opinion: Fighting inflation, blurred energy nirvana & more
Here is the best of Business Standard's opinion pieces for today
 "Best of BS Opinion: Fighting inflation, blurred energy nirvana & more")
Turkish inflation tops 85% driven by surge in food prices, energy costs
Turkish annual inflation accelerated for the 17th month in a row in October, driven by a surge in food prices and energy costs, to its likely peak during President Erdogan's two decades in power
 "Turkish inflation tops 85% driven by surge in food prices, energy costs")
Bank of England raises rates by most since 1989 even as recession looms
Central bank raises bank rate to 3% from 2.25%
 "Bank of England raises rates by most since 1989 even as recession looms")
Indices shrug off Fed rate hike; Sensex ends 69.68 points lower
The broader NSE Nifty dipped 30.15 points or 0.17 per cent to end at 18,052.70
 "Indices shrug off Fed rate hike; Sensex ends 69.68 points lower")
Fighting inflation
Synchronised rate hikes by large central banks would increase financial stability risks
 "Fighting inflation")
Rate setting panel meets to draft report on missing inflation target: RBI
It was the first time since the monetary policy framework came into effect in 2016 that RBI had to give an explanation to the government
 "Rate setting panel meets to draft report on missing inflation target: RBI")
Moody's downgrades Italian economy amid inflation, energy concerns
Moody's slashed its assessment of the country's banking system from "stable" to "negative", and said it expects conditions for the banking sector to deteriorate further over the coming 12 to 18 months
 "Moody's downgrades Italian economy amid inflation, energy concerns")
RBI Meeting: All you need to know about additional monetary policy meet
Under Section 45ZN of the RBI Act, 1934, the central bank is required to write a letter to the Centre if it fails to maintain the inflation target
 "RBI Meeting: All you need to know about additional monetary policy meet")
RBI's MPC to explain first inflation miss since 2016 to government today
This is the first time the Reserve Bank of India is writing such a letter after the country switched to a flexible inflation-targeting regime and formed a committee in 2016 to set interest rates
 "RBI's MPC to explain first inflation miss since 2016 to government today")
RBI's letter may cite Ukraine war as main reason for high inflation: Report
For the past few months the MPC's and the governor's conduct has pointed at the war in Ukraine as the main reason for inflation staying above 6 per cent for three consecutive quarters
 "RBI's letter may cite Ukraine war as main reason for high inflation: Report")
Acting prematurely would have hurt economy, says RBI Governor Das
Shaktikanta Das defends timing of rate hikes amid failure to meet inflation target
 "Acting prematurely would have hurt economy, says RBI Governor Das")
Despite drop in cost, companies continue to raise prices on consumers
Some companies and restaurants have continued to raise prices on consumers even after their own inflation-related costs have been covered
 "Despite drop in cost, companies continue to raise prices on consumers")
Fintechs shadow banks of current time, are fragile: Douglas W Diamond
Professor at the University of Chicago's Booth School of Business, Diamond received the prize along with Philip Dybvig and former Fed chair Ben Bernanke
 "Fintechs shadow banks of current time, are fragile: Douglas W Diamond")
Our aim is to keep 'Arjuna's eye' on inflation, says RBI Governor Das
Das also defended RBI's strategies in the recent past amid criticism over price rise
 "Our aim is to keep 'Arjuna's eye' on inflation, says RBI Governor Das")
Missed inflation target, but acting early would have exerted costs: RBI Guv
"We prevented a 'complete collapse of the economy' by keeping rates lower and stayed away from premature tightening," Das said.