Tag: inflation

Costco, Nike and FedEx are warning there’s more inflation set to hit consumers as holidays approach

A worker wearing a protective mask removes rotisserie chicken from skewers inside a Costco store in San Francisco, California, on Wednesday, March 3, 2021. David Paul Morris | Bloomberg | Getty Images Shipping bottlenecks that have led to rising freight costs are cooking up a holiday headache for U.S. retailers. Costco this week joined the […]

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Federal Reserve holds interest rates steady, says tapering of bond buying coming ‘soon’

The Federal Reserve on Wednesday held benchmark interest rates near zero, but indicated rate hikes could be coming a bit sooner than expected while significantly cutting their economic outlook for this year. Along with those largely expected moves, officials on the policymaking Federal Open Market Committee indicated they will start pulling back on some of […]

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महंगाई के मोर्चे पर राहत, देश की खुदरा महंगाई दर अगस्त में गिरकर 5.30% पर आयी

India CPI Inflation Rate August 2021: महंगाई के मोर्च पर थोड़ी राहत की खबर है. सांख्यिकी एवं कार्यक्रम कार्यान्वयन मंत्रालय की तरफ से सोमवार को जारी आंकड़ों के मुताबिक, देशभर में महंगाई दर में गिरावट आई है और यह अगस्त के महीने में 5.30 फीसदी हो गई है. इससे पहले, जून में 6.26 फीसदी खुदरा […]

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FM Nirmala Sitharaman: Protection from Coronavirus Through Vaccination Can Eliminate Economy-related Risks

Finance minister Nirmala Sitharaman explains the risks that a recovered Indian economy could face ahead, and says the Centre will not undermine farmers by bringing imports but the government will manage prices. In an exclusive interview to political editor Marya Shakil of CNN-News18, she also addresses the Infosys controversy by saying that the “anti-national statement” […]

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Cross Currency: Why the rupee is on a roller coaster ride

The rupee is on a roller coaster ride. Last week, Indian rupee weakened by 47 paise as importers rushed to cover their dollar payables. It opened around the 73 mark, and gradually lost ground against the US dollar to touch a low of 73.87 before bucking the trend on Thursday to end at 73.50. Along […]

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‘Stagflation’ is the greatest threat to Europe’s recovery, warns ex-Italian PM Monti

Former Italian Prime Minister Mario Monti told CNBC Saturday that he believes the greatest threat to Europe’s economic recovery from the coronavirus pandemic is “stagflation.” Monti, now the president of Italy’s Bocconi University, said the “huge mass” of accommodative monetary policy by central banks and fiscal stimulus from governments, implemented to support economies amid the […]

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खुदरा महंगाई दर जुलाई में 5.59% हुई जबकि औद्योगिक उत्पादन जून में घटकर 13.6 फीसदी पर आयी

Retail Inflation: महंगाई के मोर्चे सरकार के साथ-साथ आमलोगों के लिए भी ये थोड़ी राहत भरी खबर है. देश की खुदरा महंगाई दर में जून के मुकालबले जुलाई महीने में मामूली गिरावट आई है. सांख्यिकीय एवं कार्यक्रम कार्यान्वयन मंत्रालय ने बताया गुरूवार को बताया कि जून में 6.26 फीसदी खुदरा महंगाई दर की तुलना में […]

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Strong jobs report is not a game changer for Fed policy, Wells Fargo suggests

The latest jobs report may not be a game changer for the Federal Reserve’s easy money policies. According to Wells Fargo Securities’ Michael Schumacher, it’s premature to assume July’s strong numbers will push the Fed meaningfully closer to tapering its monthly bond purchases. “This report was pretty strong. Not a blockbuster,” the firm’s head of […]

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