Tag Archives: inflation

Wall Street was set to open higher on Tuesday and European shares were set for a second day of gains, recovering slightly from last week’s 17-month lows, but major central banks’ rate hike plans and global recession risks kept investors cautious. World stocks have edged higher so far this week, …

US President Joe Biden said that he is expected to make a decision this weekend to suspend the federal tax on gasoline, adding that a similar decision should be made based on clear data. It is worth noting that the study of suspending a tax on gasoline comes at a …

The US dollar has ended the US trading session on Monday with modest losses against most major rival currencies. The better tone of European indexes and a holiday in the US, however, resulted in choppy trading across the board.Commodity-linked currencies got to advance against the greenback, despite the sour tone …

Australia’s top central banker on Tuesday flagged a lot more policy tightening in the upcoming months as rates are seen as still “very low” and it was important that higher inflation did not feed into public expectations and wage claims”.The Reserve Bank of Australia moves to implement what it describes …

The US Treasury Secretary expects the US economy to slow” to more “stable growth”. A recession is not “at all inevitable” as the Fed takes increasingly aggressive action to address sharply rising inflation, Treasury Secretary Janet Yellen said Sunday.“Clearly, inflation is unacceptably high,” Yellen continued. “It’s President Joe Biden’s top …

Most Americans believe that the US central bank cannot fix the factors driving Inflation and recession has lately become a key word in most economic discussions.Wages are not principally responsible for the inflation we’re seeing,” Federal Reserve Chairman Jerome Powell said on Wednesday. The tragic moment came also on Wednesday …

Minneapolis Fed President Niel Kashkari said on Friday that he could support another 75 basis points rate hike in July. he also insisted that there is “need to be cautious about too much front-loading on rate hikes.according to Kashkari, “prudent strategy might be to continue with 50 bps rate hikes …

The Bank of England (BoE) announced its monetary policy decision this Thursday and hiked rates for the fifth consecutive time to curb soaring inflation. The nine-member Monetary Policy Committee (MPC) voted 6-3 for the 25 bps hike in the bank rate to 1.25%, with the minority – Catherine Mann, Jonathan …

It is typically a central bank-heavy week, with the US Fed having hiked interest rate by 75 points to bring inflation under control. For the Swiss National Bank, inflation is also its biggest problem. The inflation rate is running at its hottest levels since 2008. Ongoing geopolitical uncertainty and higher …

Fed Chair Jerome Powell said on Wednesday in his post-Fed meeting press conference that if the Fed doesn’t see progress on inflation, it will react. However, Powell mentioned that soon enough there will be some progress on bringing inflation back down and that he thinks the Fed’s guidance is still …