The Bank of England (BoE) and European Central Bank (ECB) made it clear their view of inflation is not as sunny as the U.S. Federal Reserve’s chair Jerome Powell expressed last week.
Tag: inflation
RATE CUTS WILL BEGIN LATER THAN MARKETS THINK, ECONOMISTS SAY
Speculators in interest rate futures are betting that the U.S. Federal Reserve will begin paring back its interest rates before summer; many are wagering that the cuts will begin in March.
INVESTORS DIVE BACK INTO RISKIER ASSETS
Believing that inflation has been tamed and interest rates will not rise further, investors are piling back into global stocks, which had been seen as risky as long as the dollar was strong and U.S. interest rates continued to rise.
EVERYONE FEELS PAIN OF INFLATION BUT NOT EQUALLY
Because low-income households spend a greater share of their incomes on necessities, their actual rate of inflation has been greater than middle- and upper-income earners, CNBC reported.
INFLATION, RETAIL SALES IN U.K. KEEP SLOWING DOWN
In October, sharply lower energy prices dropped Britain’s inflation rate to 4.6 percent, the slowest since October 2021, after running at 6.7 percent in September.
U.K. GROCERY INFLATION FALLS TO SINGLE DIGITS FOR FIRST TIME IN 18 MONTHS
Inflation in British grocery prices fell to 9.7 percent in the four weeks ending 29 October, the first time monthly food price gains have been limited to single digits since July 2022, research service Kantar reported.
FED NOT READY TO DECLARE VICTORY OVER INFLATION, POWELL SAYS
U.S. inflation is not yet tamed and the U.S. Federal Reserve is more likely to raise interest rates than cut them if any change is needed, Fed chair Jerome Powell said in a 9 November speech to a conference of the International Monetary Fund.
U.S. ECONOMY GREW 4.9 PERCENT IN THIRD QUARTER
U.S. GDP grew at an annual rate of 4.9 percent in this year’s third quarter, the commerce department reported.
INFLATION LARGELY UNCHANGED IN SEPTEMBER
Consumer prices grew by 0.4 percent in September from August and 3.7 percent on the year, the U.S. Labor Department reported. Dow Jones had estimated 0.3 and 3.6 percent, respectively.
INFLATION ASSAULTS COMMODITIES
In 2021, Liontown Resources had budgeted $300 million for its new Australian lithium mine. The budget now is twice that.