Page 21 - Us Inflation

Biden's inflation plan upends thinking on US jobs sent overseas

President Joe Biden has a solution for high inflation that seems counterintuitive: Bring factory jobs back to the US. This challenges a decades-long argument that employers moved jobs abroad to lower their costs by relying on cheaper workers. The trend contributed to the loss of 6.8 million US manufacturing jobs, but it also translated into lower prices for consumers and put downward pressure on inflation in ways that kept broader economic growth going. It was a trade-off that many corporate and political leaders were privately comfortable making. Now, with inflation at a 40-year high, the president has begun to argue that globalisation is stoking higher prices. That's because proponents of outsourcing failed to consider the costs of increasingly frequent global supply chain disruptions. Recent disruptions have included the COVID-19 pandemic, shortages of basic goods like semiconductors, destructive storms and wildfires and, now, the Russian invasion of Ukraine, which has sent oi

Key US inflation gauge hits 6.1% in January, highest since 1982

An inflation gauge that is closely monitored by the Federal Reserve jumped 6.1% in January compared with a year ago, the latest evidence that Americans are enduring sharp price increases

US consumer spending beats expectations in January; inflation rises further

The rebound in spending could further temper expectations for a sharp slowdown in economic growth in the first quarter

US: January wholesale inflation surged 9.7% from a year ago

Wholesale inflation in the United States surged again last month, rising 9.7% from a year earlier in a sign that price pressures remain high at all levels of the economy.

A first in 3 decades, retail inflation in US higher than India for 4 months

But for the first time in the past 30 years, the US reported a higher consumer price inflation (CPI) rate than India in five consecutive months

Japan's Nikkei lose most in 3 weeks on Ukraine, US inflation risks

The Nikkei share average lost 2.23% to close at 27,079.59, posting its biggest daily percentage drop since January 27 and touching below the 27,000 level for the first time since January 31

Sensex slides 773pts, Nifty ends below 17400 amid global pullback; IT bleed

All the sectoral indices settled in the negative territory today with technology and public sector banks being the worst hit. The IT and PSB indices dropped nearly 3% and 2%, respectively

European stocks open lower after hot US inflation raises rate hike bets

US consumer prices showed the biggest annual increase in 40 years, data released late on Thursday showed

Oil prices slip on hot US inflation concerns, set for weekly fall

The benchmark oil prices are also in line for their first weekly decline after seven consecutive weekly gains

Asian shares fall, US treasury yields hold firm after US inflation data

MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.76%, with most markets in the red, though a resurgence in property stocks helped greater China markets

Oil prices steady amid prospects of aggressive Fed interest rate hike

After U.S. inflation data came in on Thursday at its hottest in 40 years, St. Louis Federal Reserve Bank President James Bullard said he wanted a full percentage point of interest rate hikes by July 1

US inflation data hits global stock markets, lifts benchmark yields

The S&P 500 is now down about 5% in 2022, and the Nasdaq is down about 9%

US inflation hits new 40-year high in Jan; stocks fall; bond yield rises

The acceleration of prices ranged across the economy, from food and energy to apartment rents and electricity

Dollar posts solid gains after higher-than-expected US CPI data in Jan

CPI rose 0.6% last month from December, the Labor Department said, while in the 12 months through January, the CPI jumped 7.5%, the biggest year-on-year increase since February 1982

Wall Street falls as report shows US inflation still red hot

US markets are falling after a report showed inflation in the US is running hotter than previously thought. Futures for the Dow Jones Industrial dropped 0.6%, while futures for the S&P 500 declined by 1.2%. Nasdaq futures dropped more sharply, down 1.9%. Labour Department data showed that inflation soared over the past year at its highest rate in four decades, hammering America's consumers, wiping out pay raises and reinforcing the Federal Reserve's decision to begin raising borrowing rates across the economy. The consumer price index rose 7.5% year over year in January, while the expectation was for an increase of 7.3%. Bond yields rose on the news. The yield on the 10-year Treasury rose to 1.99%. The yield has been at 2% since August 2019. European markets moved lower after the US inflation numbers came out. Germany's DAX slipped 0.1% and France's CAC 40 edged down 0.5% after being up earlier. The Walt Disney Co. gained more than 6.2% in off-hours trading after it reported a ..

Global stock recovery takes a breather ahead of US inflation numbers

European stocks were mostly higher or unchanged on the day, while U.S. futures pointed to small declines at the open on Wall Street

Currency markets calm, euro-dollar steady ahead of US inflation data

Currency market moves were small on Thursday as investors waited for key data on U.S. inflation to give clues on the Federal Reserve's policy tightening trajectory

Gold prices range-bound as investors brace for US inflation data

A robust inflation reading is expected to burnish gold's appeal as an inflation hedge, but interest rate hikes would raise the opportunity cost of holding non-yielding bullion

Stock rally loses steam in Asia as US inflation test looms

The performance in Asian stocks was sharply divided between Chinese equities and the rest of the region

Gold caught in range as inflation risks keep investors on edge

Spot gold XAU= was up 0.1% at $1,827.20 per ounce as of 0957 GMT, trading in a narrow $5 range. U.S. gold futures GCv1 were steady at $1,828.40