Tuesday, April 15

Tag: Inflation

Retail inflation eases to 4.85% in March, IIP grows 5.7% in February | Economy & Policy News
12Apr By adminNo Comments
Business

Retail inflation eases to 4.85% in March, IIP grows 5.7% in February | Economy & Policy News

3 min read Last Updated : Apr 12 2024 | 7:02 PM IST Retail inflation declined to a five-month low of 4.85 per cent in March mainly due to cooling food prices, according to official data released on Friday. The Consumer Price Index (CPI) based retail inflation was 5.09 per cent in February and 5.66 per cent in March 2023. Previously, CPI-based inflation was the lowest at 4.87 per cent in October 2023. The inflation in the food basket was at 8.52 per cent in March, down from 8.66 per cent in February, according to the data released by the National Statistical Office (NSO). The government has tasked the Reserve Bank to ensure inflation remains at 4 per cent, with a margin of 2 per cent on either side. According to the Reserve Bank, which factors in consumer...
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Stock market today: BSE Sensex drops 250 points; Nifty50 below 22,700
12Apr By adminNo Comments
Business

Stock market today: BSE Sensex drops 250 points; Nifty50 below 22,700

Stock market today: BSE Sensex and Nifty, the Indian stock market benchmark indices, opened in red on Friday with the 30-share index dipping 250 points and Nifty50 going below 22,700. At 9:25 AM, BSE Sensex was trading at 74,882.02, down 156 points or 0.21%. Nifty50 was at 22,702.65, down 51 points or 0.22%.Equity markets continued their upward trend on Wednesday with active movements in individual stocks.Rajesh Bhosale, Technical Analyst at Angel One, advises caution amidst market uncertainty, suggesting disciplined stock-specific trades with proper exit strategies.The resistance and support levels are likely to be at 22,700-22,750 and 22,600 respectively, with a potential rally towards 23,000 in the short term.Markets will keenly watch the Consumer Price Index (CPI) inflation numbers an...
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ECB holds rates at record highs, signals upcoming cut
11Apr By adminNo Comments
Business

ECB holds rates at record highs, signals upcoming cut

FRANKFURT: The European Central Bank kept interest rates at record highs on Thursday but sent an even clearer signal that it may be preparing to cut them as euro zone inflation continues to fall. The central bank for the 20 countries that share the euro currency kept its deposit rate at 4.0%, where it has been since September as part of a 1-1/2-year effort to rein in prices. But, with inflation now close to the ECB's 2% target, bank lending at a standstill and the economy barely growing, the ECB dropped fresh hints about a possible cut at its next meeting. "If the Governing Council's updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission were to further increase its confidence that inflation is converging to the t...
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Stocks tumble as hot inflation numbers douse hopes of June interest rate cut
11Apr By adminNo Comments
Money

Stocks tumble as hot inflation numbers douse hopes of June interest rate cut

U.S. stocks are sinking Wednesday following new inflation data that showed prices accelerated for a third consecutive month. The hotter-than-expected report further dashed hopes for Fed rate cuts this year amid fears that progress may be stalling in taming elevated price levels.The S&P 500 slumped 1.1% in early trading and is on track for one of its worst days of the year so far. The Dow Jones Industrial Average was down 451 points, or 1.2%, as of 9:35 a.m. EST, and the Nasdaq composite was 1.1% lower."There are still embers of inflation here and there in the economy," said Joe Davis, chief global economist at Vanguard. For shoppers, that's painful because of the potential for even higher prices at the store. For Wall Street, that's painful because ...
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Inflation is sticking around. Here’s what that means for interest rate cuts — and your money.
11Apr By adminNo Comments
Money

Inflation is sticking around. Here’s what that means for interest rate cuts — and your money.

The war against inflation was never going to be easy, but the latest consumer price index data demonstrates just how tough a fight the Federal Reserve is facing. In the months ahead, the outcome of that battle will have major implications for your finances.New labor data shows that U.S. prices in March rose 3.5% from a year ago, hotter than economists expected and the third straight month that inflation has accelerated. Gasoline prices and rent contributed over half the monthly increase, the government said on Wednesday.The upshot: The Fed's ongoing campaign to tame inflation is far from over. That has left consumers and investors wondering if the central bank, who until recently were widely expected to cut its benchmark interest rate in June, could push back that timeline several months,...
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Inflation runs hot for third straight month, driven by gas prices and rent
10Apr By adminNo Comments
Money

Inflation runs hot for third straight month, driven by gas prices and rent

Inflation, financial pressures lead more Americans to believe they need more in retirement savings Inflation, financial pressures lead more Americans to believe they need more in retirement savings 01:17 Inflation remains the stickiest of problems for the U.S. economy, with the March consumer price index coming in hotter than expected — the third straight month that prices have accelerated. Gasoline prices and rent contributed over half the monthly increase, the governmen...
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Is the U.S. in a “vibecession”? Here’s why Americans are gloomy even as the economy improves.
10Apr By adminNo Comments
Money

Is the U.S. in a “vibecession”? Here’s why Americans are gloomy even as the economy improves.

Inflation, financial pressures lead more Americans to believe they need more in retirement savings Inflation, financial pressures lead more Americans to believe they need more in retirement savings 01:17 The labor market is roaring ahead, wages are rising and inflation is slowing — all key metrics that economists point to as showing a resilient and strong U.S. economy. The problem is Americans aren't feeling it. The disconnect between gloomy consumers and upbeat economic data has spark...
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Would like inflation elephant to return to forest, stay there: RBI Guv Das | Economy & Policy News
5Apr By adminNo Comments
Business

Would like inflation elephant to return to forest, stay there: RBI Guv Das | Economy & Policy News

Shaktikanta Das, RBI Governor The Reserve Bank of India’s (RBI’s) six-member Monetary Policy Committee (MPC), led by Governor Shaktikanta Das, has decided to maintain the status quo on both policy rate and stance for the seventh consecutive time. This decision is driven by the central bank’s commitment to ensuring last-mile disinflation, with Das indicating that there is no need to start reducing interest rates until inflation reaches the target of 4 per cent. Highlighting strong momentum in economic activity, Das, in his customary policy statement, said: “Robust growth prospects provide the policy space to remain focused on inflation and ensure its descent to the target of 4.0 per cent.”  “As the uncertainties in food prices continue to pose challenges, the MPC remain...
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When will the Fed cut rates? Maybe not in 2024, one Fed official cautions
5Apr By adminNo Comments
Money

When will the Fed cut rates? Maybe not in 2024, one Fed official cautions

Inflation expected to continue with no recession. Financial advisor provides tips on how to save Inflation expected to continue with no recession. Financial advisor provides tips on how to save 05:28 A Federal Reserve official on Thursday raised the possibility the central bank may not cut interest rates at all in 2024, deflating Wall Street's expectations that several reductions could be in store later this year. "If we continue to see inflation moving sideways, it would make me quest...
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These jobs saw the biggest pay hikes across the U.S. in 2023
1Jan By adminNo Comments
Money

These jobs saw the biggest pay hikes across the U.S. in 2023

How to secure dream job in 2024 How to secure dream job in 2024 03:08 The ferocious inflation that slammed Americans during the pandemic was partially offset by the strongest pay gains in years. Even as people paid more for everything from groceries to rent, real weekly earnings for the typical U.S. worker rose 1.7% between 2019 and 2023, government labor data shows.Driven by a resilient labor market, some jobs saw particularly strong wage increases over the last year, according to a r...
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