Page 88 - Latest Updates on Inflation
Good chance that foreign money returns around Diwali: Rahul Arora
The biggest silver lining is that the markets always climb the wall of worry and find ways to make new highs, said Arora
 "Good chance that foreign money returns around Diwali: Rahul Arora")
Normal monsoon, rate cut key to bring down inflation by yr-end: Economists
Normal rainfalls aiding bumper agriculture output and the RBI further hiking interest rates to cut easy money in the system hold key to bringing down multi-year high inflation, economists said
 "Normal monsoon, rate cut key to bring down inflation by yr-end: Economists")
Pakistan's weekly inflation rate increases by 3.38% after fuel price hike
Due to the increase in the petroleum prices, the inflation rate measured by the Sensitive Price Index (SPI) in Pakistan increased by 3.38 per cent in comparison to the previous week
 "Pakistan's weekly inflation rate increases by 3.38% after fuel price hike")
Targeting 'soft landing' for economy: RBI governor Shaktikanta Das
He countered arguments that the central bank should have acted early to tackle the price rise and that it was behind the curv
 "Targeting 'soft landing' for economy: RBI governor Shaktikanta Das")
Sensex ends volatile day 135 pts lower, Nifty below 15,300; Titan drops 6%
CLOSING BELL: Bajaj twins, Coal India, JSW Steel, Apollo Hospitals, ITC, ICICI Bank, RIL, and HDFC Bank were the top Nifty gainers, rising between 0.8 per cent and 3 per cent
 "Sensex ends volatile day 135 pts lower, Nifty below 15,300; Titan drops 6%")
US in better position than any other nation to deal with inflation: Biden
At the same time, Biden acknowledged that Americans are "really, really down" on the state of the country
 "US in better position than any other nation to deal with inflation: Biden")
China budget deficit hits record high amid tax rebates, Covid pain
The drop in revenue just as more spending is needed will force local authorities to either boost their already heavy debt burden or accept weaker economic growth
 "China budget deficit hits record high amid tax rebates, Covid pain")
Bank of England boosts interest rate to 13-year high as inflation soars
Policy makers led by Governor Andrew Bailey hinted that they may join a growing global trend for larger hikes if inflation continues to soar
 "Bank of England boosts interest rate to 13-year high as inflation soars")
Dow Jones falls 758 points to lowest in over a year, techs slide
The Dow had rallied on Wednesday after the Fed Chairman Jerome Powell announced its largest rate hike since 1994
 "Dow Jones falls 758 points to lowest in over a year, techs slide")
Yield curve shows India's better long-term growth prospects: RBI paper
"The yield curve is indicating an improvement in long-term growth prospects and an upshift in ex-ante inflation expectations," the study said
 "Yield curve shows India's better long-term growth prospects: RBI paper")
Investors brace for recession, more mkt turmoil after Fed's supersized hike
The S&P is down 22.2% year-to-date and is in a bear market
 "Investors brace for recession, more mkt turmoil after Fed's supersized hike")
India better placed than many others to avoid stagflation: RBI article
The article noted that global economic conditions continue to deteriorate as ratcheting up of commodity prices and financial market volatility have led to heightened uncertainty
 "India better placed than many others to avoid stagflation: RBI article")
Tomato rates up 44% in Delhi in 1 mth; avg price up 27% across major cities
Traders attributed the increase in prices to crop failure in South India. Tomatoes from North India got diverted to the south, affecting supplies in the Delhi region, they added
 "Tomato rates up 44% in Delhi in 1 mth; avg price up 27% across major cities")
Near-term pain to hit paint, cement stks; long-term outlook robust: Experts
Analysts have downgraded the related sectors, and have cut earnings estimates for FY23 and FY24 factoring the near-term challenges
 "Near-term pain to hit paint, cement stks; long-term outlook robust: Experts")
Five market breadth indicators that every cautious investor must know
In a note, IIFL Alternative Research has highlighted five market breadth indicators that signal extreme caution among investors
 "Five market breadth indicators that every cautious investor must know")
World's central banks got it wrong on inflation and economies pay the price
ECB President Christine Lagarde has lately also turned more hawkish than she previously indicated, and the Reserve Bank of Australia is among those raising rates faster than policy makers had signaled
 "World's central banks got it wrong on inflation and economies pay the price")
MicroStrategy can withstand bitcoin volatility: CEO amid margin call fears
MicroStrategy CEO Michael Saylor said the software firm was capable of withstanding volatility in bitcoin prices after the token slumped to levels that triggered fears of possible liquidation
 "MicroStrategy can withstand bitcoin volatility: CEO amid margin call fears")
Will 75 bps US Fed rate hike trigger another market selloff?
Soaring inflation and recession fears pose a dilemma before the US Fed on the quantum of rate hikes without derailing growth. Find out if investors would be able to withstand the likely market rout
 "Will 75 bps US Fed rate hike trigger another market selloff?")
WPI inflation in May accelerates to 15.88% on higher food prices
The latest figure also makes it historically the highest in 31 years since September 1991 (16.31 per cent)
 "WPI inflation in May accelerates to 15.88% on higher food prices")
Austrian government presents package with measures to cushion inflation
The Austrian government presented a package of measures aimed at cushioning the impact of high inflation that includes 500-euro ($523) payments for all residents
 "Austrian government presents package with measures to cushion inflation")