Tag Archives: inflation

Hot inflation pressures from excessive US fiscal and monetary policy responses to the 2020 COVID crisis supported commodity markets early in Q1. Moreover, Ukraine and Russia, together, represent a veritable commodity superstore, providing critical commodities to the world.Roll yields became positive across the commodity complex for the first time in …

The annual pace of headline inflation in the US according to the Consumer Price Index (CPI) fell to 8.3% in April from 8.5% in March, according to the latest release from the Bureau of Labour Statistics on Wednesday. That was above the expected decline to 8.1% YoY. The MoM pace …

Germany and the US will publish their latest inflation figures on Wednesday. German CPI is expected to be confirmed at 7.4% YoY, while the US reading is foreseen at 8.1%. An in-line or lower than anticipated reading may boost optimism, to the benefit of equities and to the detriment of …

US President Joe Biden declared that fighting inflation is his top priority adding that he understands Americans’ frustration over high prices.The Washington Post reported that ”Biden used a speech from the White House to address an issue that has become a major political liability for him. At the same time, …

Cleveland Federal Reserve President Loretta Mester said on Tuesday that inflation will need to show a compelling slowdown before the Federal Reserve can consider pausing its interest rate increases, with the risks currently pointed towards a tougher fight to bring the pace of price increases under control.The US dollar was …

Governor Christopher Waller has made some comments while traders are looking for any clues additional to his ‘Reflections on Monetary Policy 2021’ speech from last week that can shed light and clarity on Fed’s path ahead for 2022. The US dollar was choppy on Tuesday, stuck below the 20-year highs …

The USD/CAD pair is ending on North America session in the green territory by 0.8% following a final thrust to the upside in the US dollar. This development has taken the Canadian dollar to its lowest level since November 2020 amid rising concerns about the global economy and fears of …

Consumers grew a little bit more optimistic about inflation in April, though they still expect to be spending considerably more in the year ahead, a Federal Reserve survey released Monday shows. Inflation expectations over the next year fell to a median 6.3%, a 0.3 percentage-point decrease from the record high …

The New Zealand dollar has been the worst-performing G10 currency in the past month. However, economists at ING expect NZD/USD to climb back toward 0.70 by early 2023 as the Reserve Bank of New Zealand (RBNZ) is set to deliver 200bp of additional tightening by year-end.Key Quotes“The impact of lockdowns …

Bank of England external Monetary Policy Committee member Michael Saunders said on Monday that he is uncomfortable with where inflation expectations currently are and that interest rates below 1.0% are clearly below the neutral rate in the UK.Interest rates in the UK might need to go above neutral if inflation …