Tag: inflation
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Fed’s preferred inflation gauge shows core prices rose 3.3% annually in July
The personal consumption expenditures price index was expected to rise 0.1% monthly and 3.6% on a 12-month basis, according to economists surveyed by Dow Jones.
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Japan’s corporate services inflation accelerates in July
TOKYO, Aug 26 : A key gauge of Japan’s service-sector inflation rose 3.6 per cent in July from a year earlier, data showed on Wednesday, reinforcing the central bank’s view that a tight labour market is pushing firms to pass rising costs on to consumers.The increase in the services producer price index, which
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Singapore inflation hits highest in nearly two years, but undershoots expectations
Consumer prices rose 2.2% last month, compared with the 2.3% expected by economists polled by Reuters
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Rising yields rattled the market, but we’re sticking with our favorite AI and retail stocks
Stocks took their cue from the bond market this week.
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Emergency savings shortfall signals ‘danger’ for working households, Suze Orman says
A new survey shows even a $500 unexpected expense may throw households off track when it comes to big life goals like saving for retirement.
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Bessent’s bond gambit aimed at calming markets is instead stirring inflation worries
The so-called breakeven rate hit its highest levels in more than two months.
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Artificial intelligence could push up inflation – SNB’s Tschudin says
ZURICH, Aug 21 : Artificial intelligence can push inflation higher in the short term although the overall effect of the technology remains unclear, Swiss National Bank governing board member Petra Tschudin said in an interview published on Friday.The central bank was looking closely at the impact of AI on pri
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Japan’s core inflation accelerates in July, bolsters case for rate hike
TOKYO, Aug 21 : Japan’s core consumer inflation accelerated in July from a year earlier as firms passed on rising import costs from a weak yen and the U.S.-Israeli war on Iran, data showed on Friday, bolstering the case for a rate hike from the central bank.The data will be among the factors the Bank…
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AI productivity gains may not curb inflation, IMF’s Tenreyro warns
LONDON, Aug 20 : Even if artificial intelligence boosts productivity, it may not lower inflation, the International Monetary Fund’s new chief economist Silvana Tenreyro warned in research published by Bank of England staff on Thursday.At first glance, higher economic productivity — producing more output for
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Fed officials saw need for rate hike if inflation doesn’t cool, minutes show
The Federal Reserve on Wednesday released minutes from its July 28-29 policy meeting.
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