Tag Archives: prices

Jerome Powell, Chairman of the Federal Reserve System, is delivering his remarks on the monetary policy outlook at a press conference following the FOMC’s decision to hike the policy rate by 50 basis points in May.Key Quotes“We understand the pain from high inflation”.“It’s our job is to make sure high …

The Fed’s favorite inflation gauge slowed in March, in its first retreat in more than one year, according to a report issued Friday in the run-up to next week’s meeting of the policy-setting Federal Open Market Committee.PCE data gives a reading of the Personal Consumption Expenditures Price Index that excludes …

The US economy probably will grow 3.1% this year even as the Federal Reserve tightens monetary policy to quell inflation, Goldman Sachs said in a forecast on Friday.That would be the second-fastest pace in 17 years, following 2021’s 5.7% spike in GDP. The unemployment rate probably will fall to 3.3% …

Data released in Canada on Friday showed a better-than-expected reading on February retail sales. Analysts point out that retail sales volumes held their own in February and March, despite the headwinds to goods spending of mounting inflationary pressure and reopening service industries. The 0.1% gain in February was a little …

The annual rate of inflation climbed to 8.5% in March, the highest level since 1981. Analysts at Wells Fargo point out that despite wide-ranging price increases again in March, they believe this likely marks the peak in post-COVID inflation. They expect demand for goods to waver as spending pivots back …

Inflation has proven to be one of the most blistering features of the covid economy, testing the White House and Federal Reserve. Gasoline prices hover around $4.00 a gallon for the least expensive grade at several gas stations in the nation’s capital on April 11, 2022 in Washington, DC. Prices …

The US Bureau of Labor Statistics will release the March Consumer Price Index (CPI) data on Tuesday, April 8 at 12:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 7 major banks regarding the upcoming US inflation print. …

The US Bureau of Labor Statistics will release the March Consumer Price Index (CPI) data on Tuesday, April 8 at 12:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 12 major banks regarding the upcoming US inflation print. …

ECB Governing Council member and Bundesbank President Joachim Nagel said on Monday that the ECB should raise interest rates if the price outlook so requires, if bond-buying ends in Q3 as now planned, rates could rise this year.Nagel said the risks of tightening policy too late have increased and any …

The Bank of Russia announced on Friday that it left the policy rate unchanged at 20% as expected. “Will take into account actual and expected inflation movements relative to the target and economic developments over the forecast horizon.” “Will take into account risks posed by domestic and external conditions and …