Tag: inflation
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Equities lose steam while oil slips amid uncertain Middle East outlook
NEW YORK/LONDON, June 9 : MSCI’s global equities gauge lost ground on Tuesday as heavyweight U.S. technology stocks stumbled and investors opted for safer bets, while oil prices fell as updates from the Middle East brought little clarity on progress towards peace.On Monday, Iran and Israel had boosted hopes t
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The May inflation numbers are due out Wednesday morning. Here’s what to expect
If the Wall Street consensus is correct, the consumer price index is expected to show inflation running at a 4.2% annual rate.
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Household worries over finances hit highest level since July 2022, New York Fed survey shows
While the central bank’s monthly survey showed the inflation outlook mostly unchanged, the general perception of conditions deteriorated.
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Inflation beating pay in Europe: Where are workers losing the most?
As inflation surges across Europe following the recent Middle East conflict, advertised pay growth in the eurozone is failing to keep up, causing workers’ real earnings and purchasing power to fall.
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Inflation inside the electronics you buy may soon become a bit more sticky
Most consumers are not familiar with the role resin plays inside electronics like smartphones. A current shortage of the materials may push up prices.
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Philippine central bank to act as May inflation stays above target
MANILA, June 5 : The Philippine central bank said on Friday it will “take necessary actions” to bring inflation back to its target, after the annual pace of consumer price growth remained above its 3 per cent goal for a third straight month in May.Annual inflation unexpectedly slowed to 6.8 per cent in May fr
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Indian central bank keeps key policy rate on hold, despite falling currency
MUMBAI, June 5 : The Reserve Bank of India on Friday kept its policy repo rate unchanged at 5.25 per cent, opting to look past rupee weakness and assess the fallout from rising global energy costs on inflation and growth.Nearly 80 per cent of 56 economists polled by Reuters expected the RBI’s monetary policy
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India’s cenbank cuts growth outlook, raises inflation forecast as it keeps rates steady at 5.25%
RBI raised its inflation projection for the year ending March 2027 by 50 basis points to 5.1%, while cutting growth forecast to 6.6% for the year, from 6.9%.
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Philippine annual inflation slows to 6.8% in May
MANILA, June 5 : Philippine annual inflation stood at 6.8 per cent in May, below the previous month’s 7.2 per cent rate, driven mainly by slower increases in food and transport costs, the statistics agency said on Friday. • The consumer price index was below the 7.5 per cent median forecast in a Reuters po
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Fed’s Daly says AI is not for now driving inflation up or down
June 4 : San Francisco Federal Reserve President Mary Daly on Thursday said that while she believes AI over a five- to 10-year window could be a deflationary force, the effect is “not a pressing issue” for monetary policy which operates on a 12-month horizon. Daly, at a Bloomberg Tech event in San Francisco,
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