Inflation in France eased to 6.7 percent in December, down from 7.1 in November, because prices for oil and gas fell, as we detail in “Oil and Gas Prices Fall in U.S., Europe” in this issue.
Tag: inflation
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ECB NOW SEES EUROPE’S INFLATION AS MORE PERSISTENT THAN IN U.S.
As we reported back in May 2021, as prices began to rise, Christine Lagarde, president of the European Central Bank, waved away critics’ concerns, saying that inflation in the Eurozone was only temporary and less of a danger than it was in the U.S.
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SPOTLIGHT: INFLATION
Europe’s banks should set aside greater reserves to cover bad loans, regulators should require investment funds to hold more cash to cover a surge in withdrawals, and the European Central Bank (ECB) should not delay in beginning to sell its €5-trillion bond hoard next year, bank vice-president Luis de Guindos said in a statement accompanying the ECB’s semi-annual review of the region’s financial stability.
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CURRENCY: A RACE TO THE BOTTOM
If you think inflation is bad now, well you haven’t seen anything yet!
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SPOTLIGHT: INFLATION
The world is moving toward a hyperinflation catastrophe that could spark the worst financial crisis since World War II, the Elliott Management Fund warned in a letter to clients last week obtained by the Financial Times.
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UKRAINE WAR UPDATE: GERALD CELENTE JOINS 77WABC’S FRANK MORANO
Gerald Celente joined WABC’s “The Other Side of Midnight With Frank Morano” on Wednesday night to discuss the midterm elections, inflation and the Ukraine War. (LISTEN HERE)
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AUSTRALIA’S INFLATION RATE HITS 32-YEAR HIGH
Inflation in Australia rose to 7.3 percent in this year’s third quarter, its fastest clip since the same period in 1990, which at the time caused the country’s central bank to raise interest rates so high that the economy lurched into recession.
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EUROPEANS PROTEST RISING AS INFLATION KEEPS SPIKING
As we have reported, the sanctions imposed by NATO and the United States on Russia have not punished Putin as U.S. President Joe Biden predicted, instead they have ravaged businesses and individuals.
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KEY INFLATION GAUGE COMES IN HIGHER THAN EXPECTED
Despite the Federal Reserve raising interest rates five times this past year, inflation continues to be much higher than the central bank’s 2 percent target. The Personal Consumption Expenditures inflation measure, which was released Friday, showed the index rose last month by 6.2 percent from a year ago, which was slightly down from 6.4 percent...