Page 19 - Us Inflation

Global stocks shaky as hawkish Reserve Bank of Australia heightens worries

Reserve Bank of Australia raised rates by most in 22 years and flagged more tightening to come as it battles to restrain surging inflation, driving a brief spike in the Aussie and hitting local shares

Dollar extends 20-yr high vs yen amid inflation jitters; Aussie slips

The dollar continued its overnight rally into Asian trading hours on Tuesday, hitting fresh two-decade highs versus the yen

US recession imminent and inevitable? Not if the Fed can thread the needle

"I still think we're going to navigate through without a recession. But obviously it's going to be very, very tight because risks are very high," Moody's Mark Zandi said

Asia shares brace for US inflation, euro gains on yen on ECB bets

Asian shares made a muted start as caution gripped ahead of a critical reading on US inflation, while the euro gained on the yen amid wagers the ECB will take a major step toward policy tightening

Some suppliers working with retailer to cut prices amid inflation: Walmart

Investors have questioned Walmart's ability to ask suppliers to offer price reductions when they too are focused on protecting margins in the face of inflation hovering at a four-decade high

Federal Reserve to shrink $8.9-trillion portfolio in war on inflation

President Biden meets Fed chair Powell, reiterates full support to rein in prices ­while simultaneously shifting the responsibility

Was 'wrong' about inflation path, says Yellen; Biden backs Fed's actions

US Treasury Secretary Janet Yellen said that she was wrong in the past about the path inflation would take, but said taming price hikes is President Joe Biden's top priority

Inflation zaps US savings rate, warning sign for consumer spending: Report

The personal savings rate, as a percentage of disposable income, fell to 4.4 per cent in April, the lowest level since 2008 in the US, according to the Commerce Department

Biden to meet Fed Chairman Powell as US inflation bites pocketbooks

Joe Biden is set to meet with Federal Reserve Chairman Jerome Powell as soaring inflation takes a bite out of Americans' pocketbooks

Equities rise, yields fall after data shows US inflation may have peaked

Consumer spending, which accounts for more than two-thirds of US economic activity, increased 0.9% last month, and although inflation continued to increase in April, it was less than in recent months

US Prez Biden launches Indo-Pacific trade deal, warns over inflation

Nations joining the US in the Indo-Pacific Economic Framework are Australia, Brunei, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand and Vietnam

Recession not inevitable, pain to last 'some time,' says Biden in Tokyo

We have problems that the rest of the world has, Biden said, but less consequential than the rest of the world has

Won't hesitate to keep hiking rates till inflation tamed: Fed chair

"What we need to see is inflation coming down in a clear and convincing way, and we're going to keep pushing until we see that," Powell said Tuesday during a Wall Street Journal live event

Bezos and Biden spar on Twitter over corporate taxes and inflation

Biden has often accused Amazon, the ecommerce giant that Bezos founded and led for nearly a quarter-century, of failing to pay its fair share in taxes

Bezos says Biden 'mushing inflation with corporate taxes' is 'misdirection'

"You want to bring down inflation? Lets make sure the wealthiest corporations pay their fair share," US President Joe Biden had said in a tweet.

GOP's new midterm attack: Blaming Biden for baby formula shortage

Biden insisted there's nothing more urgent we're working on than addressing the shortage

70% Americans view inflation as very big problem, finds Pew survey

The survey noted that more than two years into the Covid-19 pandemic, just 19 per cent of Americans rate the coronavirus outbreak as a very big problem for the country

Crypto collapse intensifies as stablecoin Tether slides below dollar peg

The sell-off has taken the combined market value of all cryptocurrencies to $1.2 trillion, less than half of where it was last November, based on data from CoinMarketCap

Gold gains as dollar, Treasury yields weaken after US inflation data

A weaker dollar makes gold attractive for overseas buyers, while lower Treasury yields reduce the opportunity cost of holding zero-yield bullion

US shares drop, dollar remains firm as inflation stokes worries on economy

Apple shares fell 5% overnight, dragging the S&P 500 down 1.65% and the Nasdaq down 3.2%