Page 7 - Us Inflation

Asia stocks brace for US inflation test, Chinese data to test optimism

There are also reports Chinese authorities are laying the groundwork for a sale of 1 trillion yuan ($138.39 billion) in longer-dated bonds to help fund stimulus spending at home

Inflation 'settling' high could pose new risks for US Fed, economy

Inflation has been largely stalled for the first three months of the year at a rate, roughly 2.7%, that policymakers regard as still too far above their target to declare the job finished

Last-mile challenges

US inflation is altering expectations

Indian forex, bond investors eye developments in Middle East, US inflation

The currency fell 0.1 per cent in the week to end at 83.47, and the losses would have been larger had it not been for the Reserve Bank of India's (RBI) intervention

Shifting expectations

No respite from US inflation and geopolitical tensions

Gold price rises to Rs 72,230, silver price slips Rs 100 to Rs 84,900

The price of one kilogram of silver in Delhi, Mumbai, and Kolkata stood at Rs 84,900

US monthly inflation slows, consumer spending surges, reveals data

The personal consumption expenditures (PCE) price index rose 0.3% last month, the Commerce Department's Bureau of Economic Analysis said

US inflation tops Feb forecasts, reinforcing Fed's cautious approach

The so-called core consumer price index, which excludes food and energy costs, increased 0.4% from January, according to government data out Tuesday. From a year ago, it advanced 3.8%

Slow US inflation retreat to bolster Fed Reserve's patience over rate cuts

Away from inflation, there are scant signs of stress in the economy. The latest jobs report pointed to moderating yet healthy employment growth that will keep consumer spending afloat.

Asian bonds gain solid inflows on rate cut hopes amid US inflation concerns

India led the way with a robust influx of $2.39 billion into its bonds, the highest since August 2017, fueled by anticipation of its inclusion in JP Morgan's emerging market debt index this year

Nifty IT slides for second day with 1% fall: What's weighing on IT stocks?

The latest inflation data in the US for January, which showed a surprise increase, has kept domestic IT stocks listless from last week

Sensex wipes off losses to close 268 pts higher; SBI surges 4%, BPCL 7%

Stock market highlights on February 14, 2024: Indian benchmarks Sensex and Nifty defied global market selloff, which came as US reported a hotter-than-expected rise in January retail inflation

US inflation slows, but price pressures are easing only gradually

Annual inflation in the United States cooled last month yet remained elevated in the latest sign that the pandemic-fuelled price surge is only gradually and fitfully coming under control. Tuesday's report from the Labour Department showed that the consumer price index rose 0.3 per cent from December to January, up from a 0.2 per cent increase the previous month. Compared with a year ago, prices are up 3.1 per cent. That is less than the 3.4 per cent figure in December and far below the 9.1 per cent inflation peak in mid-2022. Yet the latest reading is still well above the Federal Reserve's 2 per cent target level at a time when public frustration with inflation has become a pivotal issue in President Joe Biden's bid for re-election. Excluding the volatile food and energy categories, so-called core prices climbed 0.4 per cent last month, up from 0.3 per cent in December and 3.9 per cent over the past 12 months. Core inflation is watched especially closely because it typically provide

Slower US inflation set to fuel Fed Reserve's interest-rate cut optimism

The overall CPI probably rose less than 3 per cent for the first time in nearly two years, economists forecast Tuesday's report to show

Markets end flat after choppy trade; Sensex rises 31 pts, Airtel gains 1.5%

The upmove in intra-day trade followed sharp gains in the US markets, particularly technology stocks. However, the tech-heavy Nasdaq index, which gained 2.2 per cent on Monday, saw reversing gains

US new home sales fall to one-year low in Nov, decline 'likely temporary'

New home sales decreased 12.2% to a seasonally adjusted annual rate of 590,000 units last month, the lowest level since November 2022, the Commerce Department's Census Bureau said

Dollar softens, sterling squeezes as focus turns to US inflation figures

The dollar dipped on Thursday while sterling crosses were nursing losses in holiday-thinned trade ahead of the last major data release of the year in Friday's US inflation figures

US consumer confidence rises to five-month high, home sales eke out gains

Though consumers continued to worry about inflation, many were planning to buy motor vehicles, houses and major appliances like refrigerators and clothes dryers over the next six months

US economy still strong as retail sales beat expectations, layoffs stay low

Retail sales increased 4.1% year-on-year in November. Though the pace has slowed as households adjust to higher borrowing costs and prices, it remains sufficient to ward off a recession

Rupee ends 1 paisa lower at 83.38 against dollar ahead of US CPI data

The rupee closed at 83.3875 against the U.S. dollar, barely changed from its close at 83.3925 in the previous session. The unit hovered between 83.36 and 83.39 on Tuesday