Global Inflation

Markets eye US inflation, Powell's warning and key global data flow

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

Ind, US inflation data hint downward bias on dollar-rupee forward premiums

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

US tariffs to weaken global economy, trigger inflation, not recession: IMF

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

Inflation Trends and Bank of Canada Actions: Will Further Rate Cuts Lead to Economic Stability?

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US core inflation stays firm with 4th straight 0.3% increase, fuels concern

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

Labour Party members deal blow to Starmer day after his appeal for unity

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

Rupee awaits Powell's comments, US inflation after failure to breach $83.5

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

Asian shares, gold rise as rate cut hopes grow amid cooling inflation

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

Asia shares enjoy calm before inflation test, investors hunker down

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

World food prices ease slightly in July, says UN; meat, sugar costs up

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 should not cut interest rates yet

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

UK inflation stays at 2% target in June, leaving rate cut on 'knife edge'

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

HDFC Bank, JPMorgan Chase: Top 25 global banks' m-cap hits $4.11 trn in Q1

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)

Fitch ups 2024 world growth forecast to 2.6%; cautions on inflation

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

Stock market today Jun 13: Global shares hint gap-up open for Sensex, Nifty

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.

World food prices surge for third consecutive month in May, says UN

The FAO index hit a three-year low in February as food prices continued to ease off from a record peak set in March 2022, following Russia's invasion of fellow crop export major Ukraine

Pakistan's inflation slows in May, lowest in 30 months amid record rate

The slowing pace of price gains in Pakistan is in part due to the base effect of one of the fastest inflation gains in Asia last year

Dollar steadies before awaited inflation test, yen brushes off Tokyo CPI

Official data showed overnight that the US economy grew at an 1.3 per cent annualised rate from January through March

Bank of Japan's underlying inflation measures all fall below 2% in April

The weighted median inflation rate, among the three indicators closely watched as a gauge on whether price rises are broadening

Fed's favourite underlying inflation gauge cools, shows modest relief

Economists expect the personal consumption expenditures price index minus food and energy, due on Friday, to rise 0.2 per cent in April