The data, along expected lines, puts added pressure on policymakers to withdraw pandemic-era stimulus at a faster pace in coming months
Asian shares slipped and the dollar held firm on Friday as traders edged away from riskier assets amid renewed concerns about Covid and ahead of key US inflation data
The US' annual inflation will remain above the Federal Reserve's target of 2 per cent over the next three years, according to a survey
The Omicron coronavirus variant threatens to fuel soaring inflation in the United States, Cleveland Federal Reserve Bank President said
Worries over surging inflation and a new variant of the coronavirus are roiling the US corporate junk bond market
US consumer spending rebounded by a solid 1.3 per cent in October despite inflation
Over the years, American presidents have tried, and mostly floundered, in their efforts to quell the economic and political menace of consumer inflation
The dollar rose on Thursday, hitting a 16-month high a day after the strongest US inflation reading in more than three decades
Bond yields were little changed as RBI assured ample liquidity conditions without trying to control the yields
The benchmark Sensex declined as much as 1.1 per cent, or 696 points, intra-day before recouping somewhat in the last hour
With the Fed determined to keep rates low while unemployment remains elevated, worries about out-of-control inflation are boosting gold's allure
Value shares, digital currencies, gold and bets on a flatter yield curve are seen as some of the potential beneficiaries from a higher inflation environment
Analysts said the sharp rise in U.S. government bond yields, including the 30-year Treasury passing 1.5%, was behind the dollar's jump
Inflation is starting to look like that unexpected and unwanted houseguest who just won't leave
The consumer price index increased 6.2% from October 2020
US gold futures rose 1.1% to $1,851.40
The euro held steady against the dollar on Tuesday and most currency pairs were stuck as traders waited for U.S. inflation data later in the week and more speeches from central bank governors
Even in announcing a $15 bn monthly cut to its $120 bn in monthly purchases of Treasuries and mortgage-backed securities, the Fed did not signal when it may begin next phase of policy 'normalisation'
US stocks rose slightly, while yields on 10-year Treasuries maintained an earlier decline; the dollar remained lower after the decision
MSCI's world stocks benchmark fell 0.33%, and all 11 major sectors in the S&P 500 ended the session lower, with energy and financials falling the most.