Page 7 - Inflation Data

India equity MF inflows to remain soft in current quarter: Industry body

Inflows in India's equity mutual funds dropped more than 16% in June compared with May and are likely to remain weak in the current quarter due to worries over interest rate hikes and inflation

Markets tumble worldwide, bear market growls on Wall St; Dow falls 738 pts

Wall Street is tumbling even more Monday, sending the S&P 500 down more than 20% from its record, on worsening fears about a possible recession given how stubborn inflation has become. The S&P 500 was 3.3% lower in investors' first chance for trading after getting the weekend to reflect on the stunning news that inflation is getting worse, not better. The Dow Jones Industrial Average was down 738 points, or 2.4%, at 30,653, as of 10:30 a.m. Eastern time, and the Nasdaq composite was 3.9% lower. The center of Wall Street's focus was again on the Federal Reserve, which is scrambling to get inflation under control. Its main method is to raise interest rates in order to slow the economy, a blunt tool that risks a recession if used too aggressively. Some traders are even speculating the Fed on Wednesday may raise its key short-term interest rate by three-quarters of a percentage point. That's triple the usual amount and something the Fed hasn't done since 1994. Traders now see a ...

Inflation fears grip markets as global bonds, stocks extend selloff

Inflation rate has caused a stir throughout global markets leading to extended selloff of stocks and government bonds

World stocks near fresh 2022 lows on inflation fears weigh on investors

An index of world stocks is down and very close to a 2022 low. European stock indices are also in a vulnerable position with benchmark shares down nearly 2%

Gas and food prices likely kept US inflation rate painfully high in May

The costs of gas, food and other necessities likely shot up in May, giving Americans no respite from the worst outbreak of inflation in four decades. Economists have forecast that overall consumer prices jumped 8.2 per cent last month compared with a year earlier, according to data provider FactSet. That would be barely below the 8.3 per cent year-over-year surge in April and the 8.5 per cent increase in March, which was the most since 1982. And on a month-to-month basis, prices are expected to have jumped 0.7 per cent from April to May, up sharply from a 0.3 per cent increase from March to April. The acceleration would almost certainly be due to gas prices, which had declined in April but leaped more than 10 per cent in May alone and have since reached an average of nearly USD 5 a gallon nationwide. America's rampant inflation is imposing severe financial pressures on families, forcing them to pay much more for such items as food, gas and rent and reducing their ability to afford

RBI says 75% of rise in inflation projection for FY23 due to food

RBI Governor Shaktikanta Das, while estimating India's overall retail inflation for FY23 at 6.7%, said that the 75% of the increase in inflation projections can be attributed to the food group.

Low inflation, higher infra investment key for spurring growth: RBI article

Improving infra, ensuring low and stable inflation, and maintaining macroeconomic stability are critical for reviving animal spirits and spurring growth, says an article published in RBI bulletin

Gold recovers as dollar, bond yields dip; US inflation data in focus

(Reuters) - Gold prices clawed back from a three-month low on Wednesday as the dollar and Treasury yields weakened, ahead of key U.S. monthly inflation data that could influence the Federal Reserve's monetary policy stance and impact demand for bullion.

World shares hold up, Wall Street futures gain as US inflation data looms

Asian equities squeezed higher from near two-year lows and Wall Street futures also gained before the release of the keenly awaited datapoint

Gold firms as dollar rally pauses; focus on US inflation reading

The dollar was steady after touching a 20-year high on Monday, while benchmark 10-year U.S. Treasury yields were off 3-1/2-year peaks. [USD/] [US/]

Momentum of inflation on downward slope, says RBI Governor Shaktikanta Das

The Reserve Bank's inflation projections, Das said, are "robust" but contingent on downside and upside risks associated with the movement of global crude oil prices

Jan retail inflation likely rose to 6%, but no cause for panic: RBI Guv

There's a sort of major delicate balance between inflation and growth and the Reserve Bank is fully aware of its commitment to inflation, says Shaktikanta Das

Sensex sheds 503pts, Nifty ends at 17,368; financials slip, Tega jumps 60%

The BSE Midcap index was down 0.5 per cent, while the Smallcap index was up 0.2 per cent

Fed officials expected to signal start of monetary policy shift debate

Federal Reserve officials on June 16 are expected to at least flag the pending start of talks about when and how to exit from the crisis-era policies

Gold prices subdued with focus on US inflation data, ECB meeting

Spot gold was down 0.1 per cent at $1,886.66 per ounce, as of 3.05am GMT

Gold price unchanged at Rs 47,680 per 10 gm, silver at Rs 71,400 a kg

Gold prices traded flat in India on Thursday despite easing in the international markets ahead of the release of the US inflation data

Gold prices hold steady as spotlight shifts to US data, ECB meeting

Gold prices held steady on Wednesday as bond yields remained under pressure, with investors on the sidelines ahead of more data on US inflation

Gold prices edge lower on strong dollar ahead of US inflation data

Spot gold was down 0.2 percent at $1,895.59 per ounce, as of 0315 GMT. US gold futures were steady at $1,898.60.

Inflation debate hits emerging markets as Pimco backs economic rebound

Heavyweights including Brazil, China and India will report inflation data this week against a backdrop of quickening growth that's being fueled by months of easy money and fiscal largess

Market impact of positives from the MPC meet may be seen with a lag

Overall RBI monetary policy was on expected lines and the policy statement highlighted its commitment to do whatever it takes to ensure financial stability