An inflation gauge the Federal Reserve follows closely rose slightly less than anticipated in February, providing some hope that interest rate hikes are helping ease price increases. The personal consumption expenditures price index excluding food and energy increased 0.3% for the month, the… Read Full Article Here CNBC
WASHINGTON — The Federal Reserve on Wednesday enacted a quarter percentage point interest rate increase, expressing caution about the recent banking crisis and indicating that hikes are nearing an end. Along with its ninth hike since March 2022, the rate-setting Federal Open Market Committee… Read Full Article Here CNBC
Profit margins of US companies have reached levels not seen since the aftermath of the second world war. There is a strong correlation between the rising share of corporate profits in gross domestic product and the sharp price rises in the US after the Covid pandemic, according to a paper… Read Full Article Here FT
Protests in Israel have intensified over the last nine weeks against Prime Minister Benjamin Netanyahu’s plans to reform the courts. This weekend, hundreds of thousands took to the streets. Meanwhile, Israel and the U.S. are looking ahead to two high-profile visits, adding urgency to the… Read Full Article Here Source link
Eurozone inflation fell less than many economists forecast in February, fuelling expectations that the European Central Bank will raise interest rates several more times this year. Consumer price growth eased slightly to 8.5 per cent in the year to February, from 8.6 per cent in January,… Read Full Article Here FT
Inflation rebounded in France and Spain in February, sending European governments’ borrowing costs up as doubts increased over how quickly the European Central Bank will stop raising interest rates. French consumer prices rose 7.2 per cent in the year to February, driven to the highest… Read Full Article Here FT
Will eurozone core inflation remain stubbornly high? Economists expect headline eurozone inflation to drop to close to a year low in February, but the core reading, which excludes volatile items like fuel, food and tobacco, is set to remain stickier. The preliminary data released on Thursday will, according to a Reuters poll, show eurozone annual […]
US stocks have recorded their biggest weekly fall in more than two months, declining further on Friday after traders were shaken by the latest evidence of stubbornly high inflation in the world’s largest economy. The S&P 500 index closed down 1.1 per cent in New York, bringing its losses for the week to 2.7 per […]
The Federal Reserve’s preferred inflation gauge accelerated more than expected in January, triggering a sell-off in US stocks and Treasuries as investors weighed the prospect of interest rates staying higher for longer as the central bank combats stubborn price pressures. The personal consumption expenditures (PCE) price index, which measures how much consumers are paying for […]
The world’s largest mining company has forecast that “strengthening activity” in China will bolster global commodities demand after soaring inflation and weaker commodity prices hit its profit in the second half of last year. BHP, the Australian miner, said that revenue fell 16 per cent to $25.7bn and pre-tax profit was down 30 per cent […]