Global Inflation

NITI Aayog Vice-Chairman Ashok Lahiri warned against a knee-jerk expansionary policy response amid rising global inflation, El Nino risks and uncertainty over the Strait of Hormuz

Data on Wednesday are set to show inflation accelerating for the first time in four months, with the median economist estimate in a Bloomberg survey predicting a 2.9% jump in July

A drop in oil prices may ease inflation and give central banks more flexibility, but key issues, including Iran's nuclear program, sanctions relief and future operations of Hormuz remain unsettled

Developing countries were gaining after pandemic and Ukraine shocks, but the Iran conflict now threatens food, fuel and finance gains and could leave households struggling

Factoring in only domestic inflation could lead to a shortfall

Investors will monitor comments from Fed officials at public events in the coming week to gauge their appetite for a September rate cut

India's retail inflation hit a six-year low in June, while US consumer prices rose at their fastest pace since February, with higher goods costs hinting at tariff effects

Surging US tariffs will weaken the global economy and push up inflation this year, according to projections to be released next week by the International Monetary Fund. The IMF's Managing Director, Kristalina Georgieva, said Thursday that the Trump administration's sharp increases in duties have caused global uncertainty to spike. The import taxes will slow global growth, but not cause a worldwide recession, she added. The details of the IMF's outlook will be issued Tuesday. The world economy's resilience is being tested by the reboot of the global trading system that threatens to cause turbulence in financial markets, Georgieva said. That turbulence has been playing out in financial markets for weeks now, especially on Wall Street, which has experienced wild swings from day-to-day and often times even hour-to-hour. The IMF chief also echoed some Trump administration concerns. She called on countries to reduce their tariffs and lower other barriers to trade, a process that she said

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The so-called core consumer price index - which excludes food and energy costs - increased 0.3% for a fourth straight month, Bureau of Labor Statistics figures showed Wednesday

Members of Britain's governing Labour Party dealt Prime Minister Keir Starmer a blow on Wednesday, rejecting his decision to cut payments that offset winter heating costs for millions of retirees. The vote on the final day of Labour's annual conference is not binding, but it's a setback to Starmer's efforts to unite his centre-left party around the contentious measure. Since winning office in July, Starmer has cautioned that the dire state of the public finances inherited from the last Conservative government means he must make hard choices such as ending the winter fuel allowance, worth between 200 and 300 pounds (USD 262 and USD 393), for all but the poorest pensioners. Trade unions that are among Labour's funders and allies organised resistance to the cut at the conference in Liverpool, northwest England. They forced a vote on a demand for the decision to be reversed. It was narrowly passed in a show-of-hands vote amid cheers and jeers in the conference hall. I do not understand

In each the last three sessions, the rupee has been unsuccessful in climbing past 83.50, a level which market participants say is important for the currency to take out to sustain its upward momentum

Fed chair Jerome Powell speaks in Jackson Hole and investors assume he will acknowledge the case for a cut

As well as July retail sales, there is data on industrial output and housing starts, along with several surveys on regional manufacturing and consumer sentiment

Prior to July, FAO food price index had risen for four consecutive months after hitting a 3-year low in February as prices receded from a record peak set in March 2022 after Russia invaded Ukraine

The Fed has entered the last mile of its fight against inflation. With its credibility at stake, it must not flinch before it reaches the finish line

Inflation in the UK held steady at the Bank of England's target rate of 2% in the year to June, official figures showed Wednesday, in a development that could be enough for policymakers to cut borrowing costs next month. The Office for National Statistics said the largest upward contribution to the annualized inflation rate came from restaurants and hotels, with some economists attributing the increases to Taylor Swift's tour of the U.K. The biggest downward contribution came from clothing and footwear, with widespread sales during the month. The flat reading compared to June a year ago was a tad higher than expected. Most economists had anticipated a modest decline to 1.9%. The last time inflation was at 2% was in July 2021 before prices started to shoot up, first as a result of supply chain issues during the coronavirus pandemic and then because of Russia's invasion of Ukraine, which pushed up energy costs. Financial markets think it's going to be a close call as to whether the B

The combined market-capitalisation (market-cap) of the top 25 banks globally rose 5.4 per cent quarter-on-quarter (QoQ) in the April - June 2024 period (Q1-FY25)

However, for 2025, Fitch expects world growth to edge down to 2.4 per cent as US growth slows to a below-trend rate of 1.5 per cent and growth in the Eurozone picks up to 1.5 per cent

All you need to know before the market opens: Fed keeps rates unchanged, hints at 1 cut in 2024. Financial shares to be in focus on Irdai's mandate to insurers and Moody's concern on credit growth.