Tag Archives: inflation

Mohamed El-Erian, chief economic adviser at Allianz SE, criticized the Federal Reserve’s long-standing narrative of transitory inflation on Friday following data that revealed prices are rising at the fastest rate since 1990.“There are lots of structural changes going on in the post-pandemic economy … you can’t simply dismiss them as …

EUR/USD hardly declines during Friday’s session, consolidating around 1.1446, down by 0.01%. The Euro has failed to gain traction against the American currency, which has maintained same demand level during the Asian and the European session, with limited gain as the New York session begins.The Euro’s downfall has extended for …

XAU/USD prices have recovered back to trading flat on the day, having at one point prior to the U. S. open been trading with losses of nearly 1.0%. Gold appeared to find good demand at $1850 as gold bulls and those seeking inflation protection bought the dip.As Fed encounters pressure …

U.S. consumer sentiment fell in early November to the lowest level in 10 years as surging inflation cut into households’ living standards, with few believing policymakers are taking sufficient steps to mitigate the accelerating inflation.The University of Michigan’s Consumer Sentiment Index dropped to 66.8 in its preliminary November reading, released …

Most Treasury yields turned lower Friday morning, after the front-page readings from the University of Michigan’s consumer-sentiment report in at the lowest in a decade, had been released.According to the data released Friday, the University of Michigan’s Index fell to 66.8 in November from 71.7 in previous month, creating a …

Gold prices fell on Friday, under pressure from the strength of the dollar, but it is heading towards recording the largest weekly jump in 6 months, as concerns about the rise in consumer prices in the United States led to the demand for the yellow metal as a hedge in …

The euro declined, Thursday, as the USD rose on the back of the strongest U.S. inflation reading in over 30 years fueling expectations of Fed interest rate hikes next year. U.S. CPI data showed the biggest gain in four months, lifting the annual increase to 6.2%, the strongest year-on-year rise …

Wheat prices have climbed above $8 per load for the first time in nearly nine years, with demand for the major commodity rising and supplies expected to end the 2021-2022 marketing year at their lowest in more than 10 years.Global demand remains robust at record, or near-record, levels, with foreign …

Gold has shifted after the latest round of hot than expected U.S. inflation data and here’s what to watch with the latest surge higher.There’s a fundamental change of language as solid CPI data previously meant faster tapering schedule, consequently lower gold, the new prevalent language has become: strong CPI = …

Having earlier showed readiness to fight inflation, U. S. President Joe Biden reiterated, Wednesday, that the consumer prices remained too high during early Thursday morning in Asia.“People remain unsettled about economy due to higher prices”, added Biden. He also said “I’m not waiting to sign a bill to improve the …