US inflation Archives

S&P keeps India’s economic growth forecast unchanged at 6% in FY24

March 27, 2023March 27, 2023cpooldigitalLeave a Comment

Photo used for representational purpose only. S&P expected the Reserve Bank of India to raise its already high policy rate further following a recent upside surprise to inflation. File | Photo Credit: Sushil Kumar Verma S&P Global Ratings on Monday kept its forecast for India’s economic growth unchanged at 6% in the fiscal year starting […]

RBI should pause and think about decoupling from U.S. Fed: Soumya Kanti Ghosh

March 11, 2023March 11, 2023cpooldigitalLeave a Comment

File photo of SBI group chief economic adviser Soumya Kanti Ghosh. Mr. Ghosh recently said RBI should consider decoupling from the U.S. Federal Reserve. | Photo Credit: The Hindu The RBI should “pause and think” if it can continue mirroring the U.S. Federal Reserve “stroke by stroke” in terms of rate hikes or decouple from […]

Europe’s banks suffer worst day in 9 months after sharp sell-off in U.S. banks

March 10, 2023March 10, 2023cpooldigitalLeave a Comment

SVB (Silicon Valley Bank), JP Morgan, Bank of America, Citibank and Wells Fargo logos are seen through broken glass in this illustration taken March 10, 2023. | Photo Credit: Reuters European bank shares tumbled on March 10 in the wake of a dramatic sell-off in U.S. lenders as concern spread that the sector will be […]

Markets fall for 5th day; Sensex declines 139 points in volatile trade

February 23, 2023February 23, 2023cpooldigitalLeave a Comment

A screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai. File | Photo Credit: Reuters Falling for the fifth straight session, equity benchmark indices Sensex and Nifty declined on Thursday amid concerns that the U.S. Federal Reserve might raise interest rates further to curb inflation. Fresh foreign […]

Rupee gains 71 paise to ₹80.69 against U.S. dollar in early trade

November 11, 2022November 11, 2022cpooldigitalLeave a Comment

Forex traders said factors like positive domestic equities and weakness in crude oil prices also supported the local unit. Forex traders said factors like positive domestic equities and weakness in crude oil prices also supported the local unit. The rupee appreciated 71 paise to ₹80.69 against the American currency in early trade on Friday, as […]

Soaring rent, food costs keep U.S. inflation on front burner

October 13, 2022October 13, 2022cpooldigitalLeave a Comment

U.S. Labor Department report shows a measure of underlying inflation posting its biggest annual increase in 40 years U.S. Labor Department report shows a measure of underlying inflation posting its biggest annual increase in 40 years U.S. consumer prices increased more than expected in September as rents surged by the most since 1990 and the […]

The U.S. Fed’s long shadow on central banks around the world

August 30, 2022August 30, 2022cpooldigitalLeave a Comment

Over the weekend the American central bank indicated quicker tightening than expected — this makes emerging market economies, especially low-income ones, vulnerable Over the weekend the American central bank indicated quicker tightening than expected — this makes emerging market economies, especially low-income ones, vulnerable High inflation has become a headache for the U.S. economy. Its […]

U.S. inflation hit a new 40-year high last month of 8.6%

June 10, 2022June 11, 2022cpooldigitalLeave a Comment

The costs of gas, food and other necessities jumped in May, raising inflation to a new four-decade high and giving American households no respite from rising costs The costs of gas, food and other necessities jumped in May, raising inflation to a new four-decade high and giving American households no respite from rising costs The […]