Page 16 - Us Inflation
Gold bounces above $1,800 after US inflation data; spot gold up 0.6%
US consumer prices did not rise in July, due to a sharp drop in the cost of gasoline, delivering the first notable sign of relief for Americans who have watched inflation climb over the past two years
 "Gold bounces above $1,800 after US inflation data; spot gold up 0.6%")
Dollar tumbles after cooler-than-expected US July inflation data
Economists polled by Reuters had forecast a 0.2% rise on the heels of a roughly 20% drop in the cost of gasoline
 "Dollar tumbles after cooler-than-expected US July inflation data")
Sensex, Nifty end flat; Tata Chemicals jumps 12%, IGL 6%; SpiceJet sheds 5%
CLOSING BELL: Among sectors, the Nifty IT index slipped 0.9 per cent, while the Nifty Metal index advanced 1.6 per cent
 "Sensex, Nifty end flat; Tata Chemicals jumps 12%, IGL 6%; SpiceJet sheds 5%")
Dollar trades solidly in calm before inflation data storm; rate hike likely
Economists expect year-on-year headline inflation running at a scorching 8.7%, a small retreat from June's whopping 9.1% figure
 "Dollar trades solidly in calm before inflation data storm; rate hike likely")
US inflation will likely stay high in coming months even as gas prices fall
The forecast by economists, if it proves correct, would raise hopes that inflation might have peaked and that the run of punishingly higher prices is beginning to ease slightly
 "US inflation will likely stay high in coming months even as gas prices fall")
Global stocks slip as caution reigns ahead of US inflation data tomorrow
Stakes are high for July US consumer prices report on Wednesday after an unexpectedly strong US jobs data last week boosted expectations of a sharp interest rate increase to tackle soaring inflation
 "Global stocks slip as caution reigns ahead of US inflation data tomorrow")
Asia stocks wobble as focus turns to US inflation data, aggressive Fed hike
The unexpectedly strong US jobs data on Friday have raised the stakes for the July US consumer prices report due on Wednesday, especially for the Fed's policy outlook
Gold gains as dollar, treasury yields slip; focus on US inflation data
Spot gold rose 0.5% to $1,783.62 per ounce by 10:02 ET (1402 GMT). U.S. gold futures edged 0.5% higher to $1,799.60.
Gold prices trade in tight range as investors wary of big Fed rate hikes
Spot gold steadied at $1,773.82 per ounce by 0900 GMT, after dropping 1% in the previous session. U.S. gold futures fell 0.1% to $1,789.40.
 "Gold prices trade in tight range as investors wary of big Fed rate hikes")
'Sizzling' US jobs data for July makes case for bigger Fed Rate increases
US employers added 528,000 jobs last month, more than all estimates, the unemployment rate fell to a five-decade low of 3.5%, and wage growth accelerated
 "'Sizzling' US jobs data for July makes case for bigger Fed Rate increases")
Slowdown bites industry in Haryana; demand down 80%, 95k lose jobs: Report
From Rohtak to Bahadurgarh and Sonipat to Panipat, production at industrial units badly hit, says a media report
 "Slowdown bites industry in Haryana; demand down 80%, 95k lose jobs: Report")
US Prez Biden dismisses fear of recession even as GDP doubles down
Joe Biden and top officials have dismissed fears of US economy sinking into a recession as doubling down of GDP growth rates in two successive quarters at around 0.9 per cent did not mean recession
US Fed's pyrrhic victory over inflation after policy rate hiked by 75 bps
Powell cannot afford to take his eyes off the prize - to get inflation down
 "US Fed's pyrrhic victory over inflation after policy rate hiked by 75 bps")
Rupee, bonds gain on 'less hawkish' policy despite US Fed rate hike
Fed Chair Powell's comments suggest slower pace of hikes going ahead, say markets
 "Rupee, bonds gain on 'less hawkish' policy despite US Fed rate hike")
And now sneaky shrinkflation is driving people crazy in the United States
Measuring inflation is hard. The goal is to capture changes in the overall price level - the numbers on every price tag - not swings in relative prices
 "And now sneaky shrinkflation is driving people crazy in the United States")
Stocks and sectors to bet on as the US economy faces a recession
Analysts expect the US economy to enter a recession in a few months. The impact will be felt across global financial markets. Which sectors and stocks are investment-worthy amid this uncertainty?
 "Stocks and sectors to bet on as the US economy faces a recession")
US is exporting inflation, and Federal Reserve hikes will make it worse
With rates in the US rising much faster than in the eurozone and Japan, the dollar is soaring
 "US is exporting inflation, and Federal Reserve hikes will make it worse")
No relief for markets as Fed gets aggressive to tame inflation: Chris Wood
The latest consumer inflation (CPI) print in the US for June came in at 9.1 per cent - the highest reading since 1981, and surpassed most analysts' expectations, who had pegged this at 8.8 per cent
 "No relief for markets as Fed gets aggressive to tame inflation: Chris Wood")
US inflation impact: Global recession fears to cool WPI inflation in India
Impact on CPI inflation to come later, rupee depreciation to negate some of this impact
 "US inflation impact: Global recession fears to cool WPI inflation in India")
Asian shares at two-year lows as US inflation data boosts recession fears
MSCI's broadest index of Asia-Pacific shares outside Japan was flat by early afternoon
 "Asian shares at two-year lows as US inflation data boosts recession fears")