Browsing: Inflation

Economists who drink central banks’ inflation-targeting Kool-Aid and view existing arrangements as sacrosanct fail to recognize that the belief that central-bank independence can help control inflation is barely four decades old

LONDON/SINGAPORE  – The Japanese yen drifted to its softest level in four weeks against the dollar on Wednesday on the back of rising U.S. yields, as placid markets encouraged investors to resume carry trades, while the euro weakened after German inflation data.

Gross domestic product grew 5.7% in the first quarter from a year ago, lower than expected as consumer spending was weak

The CPI – which measures inflation – includes 12 main groups of consumer goods that have a total of 737 commodities and services

Fresh signs of a cooling economy calmed inflation worries in May, helping all three major U.S. stock indexes rise to records this week

Month-on-month, prices rose by 1.1% in March, up from 1.0% in February. Food prices declined in March by 0.9%, though they were 40.5% higher than a year ago

The central bank said it had raised the repo rate, which it uses to inject money into the banking system, by 50 basis points to 8.50%

His defense of the inflation target comes amid persistent calls from some corners for the Fed to overhaul the way it guides, sets and communicates policy

WASHINGTON : The US Federal Reserve held interest rates steady on Wednesday and signaled it is still leaning toward eventual reductions in borrowing costs, but put a red flag on recent disappointing inflation readings that could make those rate cuts a while in coming, Reuters reported.

The decline was mainly driven by Food & Beverages, which fell to 0.7% m-o-m in March, said Al Rajhi Capital Research