Page 69 - Latest Updates on Inflation
JPMorgan and BofA cautious on job cuts as Goldman Sachs' layoffs loom
As the risk of recession looms and the Federal Reserve raises interest rates to curb inflation, deal markets have dried up
 "JPMorgan and BofA cautious on job cuts as Goldman Sachs' layoffs loom")
RBI Sept monetary policy review: Another 35-50 bps repo rate hike on cards
Terminal repo rate seen at 6%; interest cost for retail, MSMEs went up by Rs 42,000 crore says SBI report
 "RBI Sept monetary policy review: Another 35-50 bps repo rate hike on cards")
Fed expected to stick to aggressive rate hikes as inflation stays hot
A 75 bps increase at the Fed's Sept. 20-21 meeting would put the policy target in the 3%-to-3.25% range, above the level that most policymakers believe will start biting into economic growth
 "Fed expected to stick to aggressive rate hikes as inflation stays hot")
Pace of rate hikes by RBI should be calibrated from here on: Ashima Goyal
"We need to be very careful that growth is not snuffed out and we don't go into another decade of slowdown," Goyal told Reuters in an interview on Tuesday.
 "Pace of rate hikes by RBI should be calibrated from here on: Ashima Goyal")
Inflation not a 'red-letter priority' for FM: Chidambaram slams Sitharaman
Taking to Twitter, the veteran Congress leader said: "Only a few days ago, the Honourable FM said that inflation was not a "red-lettered priority" for her"
 "Inflation not a 'red-letter priority' for FM: Chidambaram slams Sitharaman")
A soft landing is a more likely scenario for the global economy: JPMorgan
"Economic data and investor positioning are more important factors for risky asset performance than central bank rhetoric," the strategists wrote. "We maintain a pro-risk stance"
 "A soft landing is a more likely scenario for the global economy: JPMorgan")
RBI's expected soft landing for India means fast, if not fastest, growth
Economists see Reserve Bank of India Governor Shaktikanta Das and his monetary policy panel colleagues to begin dialing down the pace of interest-rate hikes this month
 "RBI's expected soft landing for India means fast, if not fastest, growth")
Rise in retail inflation due to high food prices, adverse base effect: Govt
Inflation in "oils and fats" and"pulses and products" have moderated to 5.62 per cent and 2.52 per cent, respectively, the Finance Ministry pointed out
 "Rise in retail inflation due to high food prices, adverse base effect: Govt")
Rupee ends 6 paise up against dollar at 79.52 ahead of inflation data
Brent crude oil prices were at $93.78 a barrel by the closing of Indian market hours
 "Rupee ends 6 paise up against dollar at 79.52 ahead of inflation data")
RBI's policy decisions been in right direction, says Ashima Goyal
Headline retail inflation was at 6.71% in July; it was the first time in four months that the price gauge printed below 7%
 "RBI's policy decisions been in right direction, says Ashima Goyal")
Gold price ticks up as dollar slips, US inflation data in investors' focus
While gold is traditionally considered an inflation hedge, rate hikes translate into a higher opportunity cost for holding bullion, which pays no interest
 "Gold price ticks up as dollar slips, US inflation data in investors' focus")
Retail prices may continue to remain elevated even as wholesale prices ease
With wholesale prices galloping in double-digits since April last year, companies found themselves in a fix, raise prices too much and hurt a nascent recovery in demand or absorb costs and take a hit
 "Retail prices may continue to remain elevated even as wholesale prices ease")
S&P affirms State Bank of India's 'BBB-' rating on improving asset quality
The rating agency also affirmed the short-term issuer credit rating 'A-3' and maintained stable outlook for the rating
 "S&P affirms State Bank of India's 'BBB-' rating on improving asset quality")
Global recovery is sending flares as manufacturing takes a hit in Asia
All the attention devoted to inflation slaying is muting some disturbing signs on the growth side of the equation
 "Global recovery is sending flares as manufacturing takes a hit in Asia")
An $83 billion investor stampede shows scale of Europe's woes
Europe's woes have grown particularly acute in recent months as the region stares down the threat of a recession just as its central bank embarks on an aggressive campaign to tame inflation
 "An $83 billion investor stampede shows scale of Europe's woes")
Yellen says no strong labour market in long run if inflation stays high
"The Fed is going to need great skill and also some good luck to achieve what we sometimes call a soft landing," Yellen said Sunday in an interview on CNN's "State of the Union"
 "Yellen says no strong labour market in long run if inflation stays high")
Time-starved investors must stick to index funds
While Amit had stayed invested for a long time, avoided leverage, and shunned investment-cum-insurance policies, unplanned investments and mindless diversification had produced a disappointing outcome
Greek PM announces more measures to tackle energy crisis, inflation
Greek PM Kyriakos Mitsotakis has announced a package of measures including raising the minimum wage and pensions to further help households and businesses tackle the energy crisis and high inflation
 "Greek PM announces more measures to tackle energy crisis, inflation")
Stock mkt still in a bear phase; see bumpy road to recovery: Goldman Sachs
One of the three key reasons why a genuine bear market trough has not yet been reached, according to them, includes their belief that inflation and interest rates still have more room to rise
 "Stock mkt still in a bear phase; see bumpy road to recovery: Goldman Sachs")
Bank credit growth hits near nine-year high of 15.5%, shows RBI data
Achieving 20% growth going forward remains a challenge; deposits for week ended August 26 up 9.5%
 "Bank credit growth hits near nine-year high of 15.5%, shows RBI data")