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106 matching records found
Ecuador inflation reached 1.34% in September, up from 1.12% in August, as food prices rose 1.14% and the family basket cost US$833.82. The post Ecuador Inflation Hits 1.34% in September appeared first on The Rio Times.
Cuba inflation reached 28.44% in September, and the average state wage of about US$9.25 a month at the informal rate stays under US$10. The post Cuba Inflation Rises to 28.44% in September appeared first on The Rio Times.
The Lima jobless rate fell to 4.4% in July to September as employment rose 6.0%, but pay rose only 0.4% against 4.55% inflation. The post Peru’s Lima Jobless Rate Falls to 4.4% appeared first on The Rio Times.
El último dato de inflación en EE.UU. confirmó que el alza en los precios de los combustibles ya está golpeando el poder adquisitivo de los estadounidenses. Es misma presión está complicando el panoreama electoral para los republicanos frente a las elecciones de noviembre. Desde la Casa Blanca, Kate Sullivan explica. (Source: Bloomberg)
ADP Chief Economist and ESG Officer Nela Richardson says the US has a lopsided economy. She says new data shows inflation is running hot while paychecks are not keeping up. She speaks on "Bloomberg Surveillance." (Source: Bloomberg)
Kumamoto, Oct. 15 (Jiji Press)--Japan's underlying inflation is gradually stabilizing at around the Bank of Japan's 2 pct target, Junko Koeda, a member of the central bank's Policy Board, said on Thursday. The BOJ will adjust interest rates "in a timely and appropriate manner" to prevent inflation from rising above 2 pct, Koeda said at a press conference in Kumamoto, a city in southwestern ...
Bangkok, Oct. 15 (Jiji Press)--Finance ministers and central bank chiefs from the Group of 20 major economies met in Bangkok on Thursday to discuss ways to address rising inflation as crude oil prices remain high amid turmoil in the Middle East. Participants also discussed coordinating their policies to stabilize financial markets in light of a global rise in long-term interest rates, fuele...
Malaysia’s central bank governor Abdul Rasheed Ghaffour told Blomoberg's Avril Hong that the central bank has greater room to adjust interest rates after changing its policy guidance last month and stands ready to act if inflation pressures intensify as the Middle East conflict keeps energy prices elevated. Speaking at the sidelines of the International Monetary Fund and World Bank meetings in Bangkok, the governor said policy decisions will remain data-dependent, with the monetary policy committee assessing the latest information at each meeting. (Source: Bloomberg)
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
Copper declined with other base metals after stronger-than-expected US consumer prices spurred bets on more aggressive tightening by the Federal Reserve.
Japanese Finance Minister Satsuki Katayama warned speculators that she was prepared to take action in the currency market again if needed, after the yen touched its weakest level against the dollar this month following a heating up of US inflation figures.
Silver plunged about 6% and gold fell below US$4,100 on Wednesday 14 October as hot US inflation raised Fed rate-rise bets, hitting Mexico and Peru miners. The post Silver Plunges 6% as Gold Drops Below US$4,100 | Gold & Silver, Oct 14 appeared first on The Rio Times.
Latin American steel shares fell on Wednesday 14 October as the SLX fund slipped 0.55% to US$102.46 and Brazil’s Usiminas lost 4.76% on US inflation. The post Steel ETF Slips 0.55% as Ternium Falls 0.75% | Steel, Oct 14 appeared first on The Rio Times.
Iron ore miners fell on Wednesday 14 October as Brazil’s Vale lost 1.2% to US$13.21 and Rio Tinto 1.94% after US inflation lifted the dollar. The post Vale Falls 1.2% to US$13.21 as Rio Tinto Drops 1.9% | Iron Ore, Oct 14 appeared first on The Rio Times.
Copper assets fell on Wednesday 14 October as the CPER fund lost 1.95% to US$39.66 and Southern Copper 3.25% after hot US inflation lifted the dollar. The post Copper Fund Falls 1.95% to US$39.66 as Miners Slide | Copper, Oct 14 appeared first on The Rio Times.
Argentina’s Merval fell 1.2% to 2,835,843 on Wednesday 14 October as country risk rose 12 points to 611 and US inflation hit global markets. The post Argentina Stocks Fall 1.2% as Bonds Slip | Argentina Market Report, Oct 14 appeared first on The Rio Times.
Chile’s IPSA fell 0.49% to 10,966 on Wednesday 14 October as US inflation lifted the dollar, the peso slid to about 985 and SQM fell 1.9%. The post Chile Stocks Fall 0.5% as Peso Weakens | Chile Market Report, Oct 14 appeared first on The Rio Times.
Mexico’s S&P/BMV IPC fell 0.26% to 66,790.38 on Wednesday 14 October as US inflation lifted the dollar and the peso weakened 0.6% to 18.49 per dollar. The post Mexico Stocks Slip 0.3% as Peso Weakens 0.6% | Mexico Market Report, Oct 14 appeared first on The Rio Times.
Brazil’s Ibovespa fell 0.18% to 206,505.98 on Wednesday 14 October as US inflation beat forecasts, while Petrobras rose 2.22% and the real held near 5.03. The post Brazil Stocks Slip 0.2% as Petrobras Gains | Brazil Market Report, Oct 14 appeared first on The Rio Times.
Asian stocks were set for declines, tracking a tech-led Wall Street selloff after hotter-than-expected US inflation fueled bets on more aggressive Federal Reserve rate hikes.
While inflation numbers might not be disastrous, they’re still disappointing and moving in the wrong direction. Bloomberg Opinion columnist John Authers explains where this leaves the US, and if it will lead to any more rate hikes from the Fed. (Source: Bloomberg)
US stocks dropped to their worst day since July on Wednesday, following the latest signal that inflation is getting worse. The S&P 500 sank 1.1 per cent for a fifth loss in the six days since setting its all-time high. The Dow Jones Industrial Average fell 48 points, or 0.1 per cent, and the Nasdaq composite slid 1.9 per cent as stocks in the artificial-intelligence industry led the way lower. Stocks felt pressure from rising yields in the bond market, where worries grew after a report said US...
September’s hot inflation data lit up expectations that the Federal Reserve may raise interest rates this month, a prospect that appeared unlikely after policymakers in recent weeks signaled they had time to wait.
Economists divided on Fed rate hike as inflation creates uncertainty before US midterm elections in a tense market.
The pace of price rises increased to 3.7% in the year to September, driving by higher motor fuel costs.
The US consumer price index rose 0.6% in September from a month earlier, and 3.7% on an annual basis, according to the Bureau of Labor Statistics. The data shows gas prices rose by 9.1%. Bloomberg's Michael McKee has the initial reading. (Source: Bloomberg)
The dollar strengthened to the highest level in over a year as hot US inflation reading pushed traders to add to bets that the Federal Reserve will raise interest rates.
US Treasuries slumped after hotter-than-expected inflation prompted traders to boost their expectations that Federal Reserve officials raise interest rates later this month and next year.
Christopher Hodge, chief US economist at Natixis, expects core CPI to come in slightly softer than forecast and sees inflation continuing to ease. He discusses the impact of higher energy prices, potential labor market weakness and housing pressures, while forecasting one final Fed rate hike in December before the tightening cycle ends. He spoke on Bloomberg Brief. (Source: Bloomberg)
Federal Reserve Vice Chair for Supervision Michelle Bowman said that although inflation remains above the central bank’s goal, “I think we have some time to wait and see how financial conditions and the economy evolves.” She spoke Wednesday with Institute of International Finance CEO Tim Adams at the IIF Annual Membership Meeting in Bangkok. (Source: Bloomberg)