Page 17 - Us Inflation
Sensex, Nifty reverse early gains amid weak trends in European markets
The 30-share BSE Sensex declined by 372.46 points or 0.69 per cent to close at 53,514.15, extending its falling streak to a third day
 "Sensex, Nifty reverse early gains amid weak trends in European markets")
Oil slips below $100 again as gasoline, food drive US inflation higher
Despite a tight physical oil market, investors have sold oil futures on worries that aggressive rate hikes to stem inflation will slow economic growth and hit oil demand.
 "Oil slips below $100 again as gasoline, food drive US inflation higher")
Gold slips to near 1-year low as US inflation jump bolsters rate hike bets
Spot gold was down 0.4% at $1,719.49 per ounce by 09:35 a.m. ET (1335 GMT), after dropping to its lowest since August at $1,707.09 earlier in the session. US gold futures were down 0.6% at $1,714.60
 "Gold slips to near 1-year low as US inflation jump bolsters rate hike bets")
Sensex slips 372 points, Nifty below 16K; Reliance, HDFC twins sink 2%
The BSE Sensex fell 372 points at close to 53,514. The index had previously risen 325 points to the day's high.
 "Sensex slips 372 points, Nifty below 16K; Reliance, HDFC twins sink 2%")
Gold prices steady as investors stand by for US inflation figures
Gold prices steadied near an over nine-month low on Wednesday, as investors cautiously awaited US inflation data for cues on the road ahead for the Federal Reserve's monetary policy
 "Gold prices steady as investors stand by for US inflation figures")
Euro clings to parity to dollar as markets await US inflation data
The euro hovered a whisker above parity to the dollar on Wednesday, with traders wary of the single currency being forced to levels unseen for decades if US inflation data, due to be released later
 "Euro clings to parity to dollar as markets await US inflation data")
Asian shares bounce, markets on edge ahead of US inflation report
MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.65%, snapping two straight days of losses, after having slumped to its lowest in two years the day before
 "Asian shares bounce, markets on edge ahead of US inflation report")
Gold prices subdued in early trade as investors await US inflation data
Spot gold was up 0.1% at $1,727.89 per ounce at 0239 GMT, after dropping to its lowest level since late-September at $1,722.30 earlier
 "Gold prices subdued in early trade as investors await US inflation data")
Global shares, oil prices fall as investors await US inflation update
Shares in Europe declined in early trading. Benchmarks finished lower in Tokyo, Seoul, Hong Kong and Shanghai but rose slightly in Sydney.
 "Global shares, oil prices fall as investors await US inflation update")
US stocks see worst first half drop in over 50 yrs amid inflation woes
US stocks have seen their worst first half of a year since 1970, as concerns grow over how steps to curb inflation will affect economic growth.
 "US stocks see worst first half drop in over 50 yrs amid inflation woes")
US economy shrank 1.6% in first quarter: Commerce Department report
The GDP data for the first quarter marks the US economy's first contraction since the onset of the Covid-19 pandemic
 "US economy shrank 1.6% in first quarter: Commerce Department report")
Top Headlines: Maha CM resigns, generational change in India Inc, and more
Business Standard brings you the top headlines at this hour
 "Top Headlines: Maha CM resigns, generational change in India Inc, and more")
Bruised US stock investors brace for more pain in second half of 2022
With investor expectations fluctuating between continued high inflation and an economic downturn caused by a hawkish Fed, few believe the market's volatility will dissipate anytime soon
 "Bruised US stock investors brace for more pain in second half of 2022")
World shares progress as investors shrug off data showing slow economies
Market players are looking ahead to U.S. inflation data due next week and hoping that the moderation in prices of oil and some other commodities this week is a sign inflation might be abating.
Recession certainly a possibility, says Powell; global growth outlook weak
'The central bank was not trying to engineer a recession in the United States to stop inflation but was fully committed to bringing prices under control even if doing so risks an economic downturn'
 "Recession certainly a possibility, says Powell; global growth outlook weak")
Gold prices dip after US Fed chief pledges to keep up inflation fight
Spot gold fell 0.2% to $1,834.33 per ounce by 0733 GMT. U.S. gold futures eased 0.1% to $1,835.60
 "Gold prices dip after US Fed chief pledges to keep up inflation fight")
Janet Yellen says gasoline tax holiday worth considering as anti-inflation
Yellen said that research suggested that there was likely a higher pass-through rate for cutting higher state fuel taxes than the generally lower federal taxes
 "Janet Yellen says gasoline tax holiday worth considering as anti-inflation")
Inflation: Looking beyond forecasts
It may be worthwhile to pay attention to what the markets are telling us, as they did during the pandemic, rather than rely on consensus forecasts
Fed Guv Waller backs another big rate hike for 'all in' inflation fight
Federal Reserve Guv Christopher Waller became the latest US central banker to pledge a whatever-it-takes approach to fighting inflation, three days after the Fed raised interest rates by 75 bps
 "Fed Guv Waller backs another big rate hike for 'all in' inflation fight")
Inflation will not fall to 2% target for two years, says Fed's Mester
Cleveland Federal Reserve Bank President said she was not predicting a recession despite slowing growth
 "Inflation will not fall to 2% target for two years, says Fed's Mester")