Tag Archives: inflation

Oil prices fell on Friday as rising inflation in the United States stoked fears of a major interest rate hike as investors awaited the outcome of nuclear talks between the United States and Iran that could increase the global supply of crude. Brent crude futures were down 58 cents, or …

Official figures revealed on Friday that Britain’s economy grew 7.5% in 2021, recovering from its historic 9.4% decline in 2020 when coronavirus restrictions curbed economic activity. On a quarterly basis, UK gross domestic product is estimated to have risen by 1% in the final three months of the year, and …

Major pairs were quite volatile on Thursday following the release of US inflation figures. The US Consumer Price Index soared in January, higher than expected. The headline spurred a short-lived dollar’s rally, although the greenback quickly changed course and moved from daily highs to fresh weekly lows against most of …

Raising the European Central Bank’s main interest rate now would not bring down record-high Eurozone inflation and only hurt the economy, ECB President Christine Lagarde said in an interview published on Friday.Key quotesRaising rates would not solve any of current problems.Highly unlikely that oil price will continue climbing at 2020-2022 …

The Reserve Bank of Australia’s Phillip Lowe has said that it is ”plausible we could raise rates later this year depending on economy.” He added that he hasn’t said rates won’t go up. AUD could get a lift on such rhetoric, but there hasn’t been any knee-jerk reaction thus far.  “We have …

An aggressive OPEC report on global demand and a drop across the board in US petroleum inventories pushed oil prices higher on Thursday. Total US commercial crude oil inventories are now just over 410 million barrels. Oil prices reversed earlier losses to rise early on Thursday, following a bullish OPEC …

Following higher than expected January’s US inflation data, the EUR/USD pair is rallying in the North American session. The EUR/USD is trading at 1.1476.Financial markets mood is mixed after the US Department of Labor revealed that the Consumer Price Index (CPI) rose to 7.5% y/y, a level last seen in …

St. Louis Federal Reserve President James Bullard said on Thursday that he has become “dramatically” more hawkish in light of the hottest inflation reading in nearly 40 years, and he now wants a full percentage point of interest rate hikes over the next three U.S. central bank policy meetings. Within …

Data released on Thursday showed higher-than-expected inflation numbers with the annual CPI hitting the highest level since 1982. The upside surprise, even as areas like energy goods and autos cooled as expected, illustrates that inflation continues to carry plenty of momentum, and any meaningful slowdown remains elusive, explained analysts at …

US consumer prices have surged well above expectations, raising further concerns about price pressures and pushing investors in global financial markets toward expectations and bets that the Fed will raise interest rates in March to levels that exceed current expectations.The annual US Consumer Price Index (CPI) is 7.5% higher than …